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HUD, VA Allow MERS Charge.(Brief Article)
Washington -- The Department of Housing and Urban Development and the Department of Veterans Affairs now permit lenders to charge borrowers MERS registration fees on all FHA and VA insured mortgage loans.
Margaret Burns, director of the office of single-family program development at HUD, authored a letter telling lenders that MERS benefits borrowers, mortgage lenders, servicers and Ginnie Mae among others in the mortgage finance industry. The change for HUD is effective immediately.
Similarly, the ...
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Source: HighBeam Research, HUD, VA Allow MERS Charge.(Brief Article)