Loan Level Price Adjustments (LLPAs) are additional fees implemented by the Federal Housing Finance Administration (FHFA) on certain types of mortgage loans. These fees are designed to account for the increased risk associated with certain loan characteristics, such as a high loan-to-value ratio or a low credit score. The LLPAs are applied to loans purchased […]
The post Loan Level Price Adjustments (LLPAs) Explained appeared first on Weekly Real Estate News.
WASHINGTON, March 29 (Reuters) – Contracts to buy U.S. previously owned homes increased for a third straight month in February, raising cautious optimism that the housing market slump could be bottoming out. The National Association […]
It was late 2022 and Mike was feeling the pressure. Mortgage rates had climbed close to the 7% range and he was determined to remain competitive on pricing with rival loan officers in North Carolina. […]
While the new year is here, the effects and fears of 2022 have yet to run their course. The Mortgage Bankers Association (MBA) reported that mortgage applications recently hit their lowest rate since 1996, and […]
Copyright © 2024 | MH Magazine WordPress Theme by MH Themes