The Obama administration on Tuesday announced another initiative to allow more homeowners to refinance, this time by dropping fees on federally insured mortgages that have prevented some borrowers from taking advantage of ultralow rates over the past year.
The latest changes will reduce fees to refinance loans backed by the Federal Housing Administration through what’s known as a “streamline” refinance. For more details go to:
http://blogs.wsj.com/developments/2012/03/06/white-house-reduces-fha-refi-fees/?blog_id=36&post_id=20806
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