Senate Amendment Cuts Expansion of VA Mortgage Funding Fee

HousingWire, July 23, 2020–Kathleen Howley
Sen. Jerry Moran’s amendment reduced some of the spending in the bill and cut the extension of the higher fees to an extra one year and four months – through April 7, 2023. That will cost VA borrowers an extra $118 million, versus the $529 million in the original version of the bill, saving VA loan borrowers $411 million in fees.