#62 – More Mortgage Fees

Trying to get a mortgage? Your closing costs probably just got a little higher thanks to Jared Polis. Since the 2008 recession and housing crisis, non-bank mortgage servicers like Quicken Loans and PennyMac have grown substantially. Today, they service over half of all mortgages in the United States. Under HB21-1282, these mortgage services now fall under the state’s Consumer Credit Code and will now have to pay a new $1,010 fee.