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Mortgage News

Flagstar Begins Charging Pair Off Fees

Posted by Trace Richardson on March 18th, 2009

The times they are a changin’. Flagstar sent out a memo today documenting their expectations for pair offs. In other words, if you lock a loan and it closes elsewhere, expect to receive a bill from Flagstar. Some Flagstar clients are reporting $400 invoices per pair off. Loan fallout is yet another pressure banks are [...]

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