FHFA leaving g-fees alone, revising primary mortgage insurance requirements

FHFA leaving g-fees alone, revising primary mortgage insurance requirements

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Former Zillow VP of Strategic Partnerships wrote the letter
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Like, OMG guys, Justin Bieber having mortgage issues. Seriously.

They grow up so fast, don’t they? Tween heartthrob, singing sensation and telephone prankster Justin Bieber — the Biebs, if you will — has fallen at the hands of the housing market. 

The 18-year-old is having trouble getting a mortgage on a 9,000 square foot home he wants in glitzy Calabasas, Calif., because the home appraised for more than $1 million under the $7 million asking price. …like, seriously.

While Bieber could have plopped down the full $7 million straight up, his business manager evidently insisted he get a mortgage because it made good financial sense. Now the teen is haggling with the homeowner to lower the price, though the homeowner is hesitant given how much money he has put into the property. 

Ah, what a mess, Biebs. Though, he could easily just fix this by putting more money down on the property – no word on how his business manager feels about that, though. 

jhuseman@housingwire.com
Follow her on Twitter: @JessicaHuseman

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