Colorado Association of REALTORS | FHA mortgage
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FHA mortgage Tag

FHA Ends Post-Payment Penalties

Daily Real Estate News | Monday, September 08, 2014 The Federal Housing Administration is overhauling a long-held policy of charging extra interest payments on loans it insures to borrowers who have already paid off the principal debts on their mortgages. FHA has permitted its lenders to charge borrowers a full month of interest when they sell or refinance a home, even if...