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Mortgage professionals disapprove of FHFA changes to LLPA
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Financial Stability, Nonbank Financial
Tuesday, February 7, 2023
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The Federal Housing Finance Agency announced updates to Fannie Mae’s and Freddie Mac’s loan level price adjustment matrices which are intended to help borrowers with lower interest rates afford the cost of larger loans. To offset this, previous discounts for borrowers with higher credit scores have been decreased, causing disapproval from mortgage professionals and industry groups.
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