Opinion: Setting the record straight on mortgage pricing
Recently, the director of the Federal Housing Finance Agency (FHFA) issued a statement clarifying the agency's rationale for changes to loan level pricing adjustment (LLPA) fees going into effect on May 1.The changes have created some controversy due to the fact that better credit quality borrowers will experience higher fees after May 1 than under the current LLPA grids and vice versa for lower credit quality borrowers.