The Social Security Administration (SSA) plans to raise its fees for verifying mortgage borrowers’ identities, a move that is facing Congressional opposition.
The fee for mortgage and financial institutions to authenticate borrower Social Security numbers is set to increase from $0.56 to $5.00 per verification on October 1. But Rep. Kay Granger (R-Texas) is said to be leading a Congressional challenge to the increase, according to a statement from Rapid Reporting, a Fort Worth, Texas-based national provider of third-party income, identity and employment verification services.
Sep 22, 2009
Increased User Fee Opposed
From HousingWire.com:
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2 comments:
That's just dumb. As a true conservative,I would be in favor of a fee increase--why should the government be providing a nearly free service to profit-making entities to pad their bottom line, at the same time taxpayers cannot access their benefits because of SSA's understaffing?
Amen. Especially when it's primarily ONE company in Granger's district that doing this business. SSA should shut this program down.
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