The CFPB is going after ‘junk fees’ mortgage lenders charge at closing. This could get ugly
Housing Wire
MARCH 8, 2024
Biden’s plan also included a $10,000 tax credit for first-time homebuyers and people who sell their “starter home,” and a pilot program that waives the requirement for lender’s title insurance on certain refinance transactions. These costs increased by 21.8% from 2021 to 2022, reaching nearly $6,000, per the CFPB post.
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