Radian Timely Topics: Understanding Loan-Level Price Adjustments (LLPAs) & Upcoming GSE Changes
Effective May 10: "The Federal Housing Finance Agency (FHFA) said Wednesday it has rescinded the upfront fees based on borrowers' debt-to-income (DTI) ratios for loans acquired by Fannie Mae and Freddie Mac. "
Effective May 1st, the GSEs, Fannie Mae & Freddie Mac, have announced that there will be changes made to the loan level pricing adjustments, or LLPA, fees. These fees may have a direct impact to both lenders and borrowers.
In this Radian Timely Topics video, we will discuss:
- What an LLPA is
- A few LLPA loan attributes
- Some of the upcoming changes
- Ways for you to support your customers
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