Byusnewsr1-

Sep 16, 2022

Fannie Mae fee unfairly hurts borrowers using mortgage brokers

Fannie Mae fee unfairly hurts borrowers using mortgage brokers

As a mortgage broker, I’m clearly biased in favor of my profession.
I’ve often argued that mortgage brokers (called third-party originators or TPO’s) provide a better service than borrowers can get going directly to a lender’s retail outlet.
So, please indulge me as I get on my mortgage broker soapbox once again.
My grievance this week has to do with Fannie Mae’s 15-basis point surcharge for…

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