The mortgage industry decried the proposed loan-level pricing adjustment for borrowers with higher debt-to-income ratios.
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Category: Federal Housing Finance Agency
NAR praises FHFA for reductions in loan-level pricing, use of new credit score models
“NAR has long advocated for these reductions, but the benefit of reduced fees to homebuyers is even more important today as we confront the highest mortgage rates in almost two decades.” – Leslie Rouda Smith, President of NAR
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Federal Housing Finance Agency makes desktop appraisals permanent
It’s been a more than a year and a half of technological innovation in real estate in response to the COVID-19 pandemic, and the Federal Housing Finance Agency has decided to make one tool — desktop appraisals — permanent.
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