FHA borrower fee gridlock draws ire of industry
Housing Wire
JULY 18, 2022
Income from FHA premiums go into the general Treasury fund when Congress passes a Transportation and HUD appropriations bill. The connection between the upfront, annual and life-of-loan fees FHA borrowers pay and funding for, say, community development block grants, is not immediately apparent. In effect, it’s a tax on FHA borrowers.
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