Most Borrowers Won’t Detect ‘Fee’

I could not agree more with Kenneth R. Harney’s Feb. 14 Your Mortgage column headlined “Clinton Proposal Looks Like a Tax on Home Loans.” Now instead of a tax, it will be called a “mortgage transaction fee.”

This will be buried in myriad paperwork when securing a refinance or mortgage loan and will undoubtedly be unnoticed by a majority of borrowers.

Just another liberal boondoggle to keep the tax structure going on ad nauseam. It is time to have another Boston Tea Party.

BOB HOFFMAN

Newport Beach