Real estate columnist Kenneth R. Harney reports that hundreds of thousands of home sellers have had their pockets picked at closings during the last decade: They’ve been charged interest on their mortgages after their principal debts had been fully paid off. Thanks to a policy switch that was recently made final, charging extra interest payments on loans insured by the Federal Housing Administration will soon be banned.
FHA Will End Banks’ Extra Interest Charges at Closing
Michael Dwyer
This July 10, 2014 photo shows a house with sale pending sign in Quincy, Mass. The National Association of Realtors releases pending home sales index for July on Thursday, Aug. 28, 2014. (AP Photo/Michael Dwyer) ** Usable by LA, DC, CGT and CCT Only **
