Fannie, Freddie raising fees on high-balance and second home loans

Fannie, Freddie raising fees on high-balance and second home loans

If you’re planning to take out a high-balance or second-home mortgage through Fannie Mae or Freddie Mac, you need to act fast – and probably no later than Jan. 31.
That’s because the Federal Housing Finance Agency (Fannie and Freddie’s regulator and conservator) announced plans to add goliath fees on loans issued with backing from these two mortgage giants.
In high-cost Los Angeles and Orange…

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