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Are the seller-paid broker fees included in the points and fees calculation?

April 26, 2017broker calculation fees included Points seller-paid

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Are the seller-paid broker fees included in the points and fees calculation?

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• No. Under the tangible net benefit rule, when determining whether or not the borrower is receiving cash in excess of fees, the only costs and fees to be taken into account are those costs and fees paid by the borrower.