Posts from May 3rd, 2023
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Federal Housing Finance Agency Announces New Mortgage Fees
May 3rd, 2023 by Coldwell Banker Tomlinson
Back in January 2023, FHFA announced they would make changes to loan level price adjustments (LLPAs) which would cause mortgage borrowers to see higher (and in some cases, lower) mortgage rates than they are used to. With all the changes, you can always count on your trusted lender at ICCU to keep you and your borrowers updated. While some changes are less than favorable, there are some sweet spots still available to borrowers. Reach out to ICCU if you have any additional questions, but Mortgage News Daily gives a good breakdown below…
What do you mean by "fees/costs?"
This refers to Loan Level Price Adjustments (LLPAs) imposed by Fannie Mae and F...