Fees for home loans increase | The Asbury Park Press | APP.com: "To avoid a fee or to get a discount, most borrowers will need FICO scores of 740 or better and down payments of 25 percent or more. Lenders could absorb the cost, but most are expected to add it to loan costs within days, if they haven't already, says Cameron Findlay, LendingTree economist. The increases affect most loans with longer than 15-year terms sent to Freddie starting March 1 and to Fannie on April 1.
For example, a buyer of a $200,000 house who has a 700 FICO credit score and 20 percent down payment will pay $1,600 for the Fannie risk fee vs. $1,200 before. If the borrower's score is 680, the fee will be $2,800. Borrowers can pay fees upfront, or lenders will price them into interest rates.
While not huge, the new fees are notable in that they're being added to more loans to borrowers with higher credit scores."