The Federal Housing Finance Agency on Wednesday rescinded a controversial proposed loan-level pricing adjustment that the Mortgage Bankers Association said would have had adverse impact on both consumers and lenders.
Tag: Federal Housing Finance Agency
FHFA Rescinds Proposed Loan-Level Pricing Adjustment for DTI Ratios
The Federal Housing Finance Agency on Wednesday rescinded a controversial proposed loan-level pricing adjustment that the Mortgage Bankers Association said would have had adverse impact on both consumers and lenders.
FHFA Rescinds Proposed Loan-Level Pricing Adjustment for DTI Ratios
The Federal Housing Finance Agency on Wednesday rescinded a controversial proposed loan-level pricing adjustment that the Mortgage Bankers Association said would have had adverse impact on both consumers and lenders.
MBA Education/MISMO Webinar TODAY: Timeline and Updates for FHFA Credit Scoring Changes
MBA Education and MISMO hold a timely webinar, Timeline and Updates for FHFA Credit Scoring Changes, on Monday, May 1 from 1:30-2:30 p.m. ET.
MBA Education/MISMO Webinar May 1: Timeline and Updates for FHFA Credit Scoring Changes
MBA Education and MISMO hold a timely webinar, Timeline and Updates for FHFA Credit Scoring Changes, on Monday, May 1 from 1:30-2:30 p.m. ET.
MBA Education/MISMO Webinar May 1: Timeline and Updates for FHFA Credit Scoring Changes
MBA Education and MISMO hold a timely webinar, Timeline and Updates for FHFA Credit Scoring Changes, on Monday, May 1 from 1:30-2:30 p.m. ET.
MBA Education/MISMO Webinar May 1: Timeline and Updates for FHFA Credit Scoring Changes
MBA Education and MISMO hold a timely webinar, Timeline and Updates for FHFA Credit Scoring Changes, on Monday, May 1 from 1:30-2:30 p.m. ET.
To the Point with Bob: FHFA Needs a Better Plan on Loan-Level Pricing Fees
On March 15, the Federal Housing Finance Agency announced that it would postpone the implementation of loan-level pricing adjustment fees that would be based on a borrowers’ debt-to-income ratio in Fannie Mae and Freddie Mac’s single-family pricing grids until deliveries on or after August 1. The delay creates an opening for FHFA to get the policy right. The DTI-based LLPA is unworkable and should be replaced.
To the Point with Bob: FHFA Needs a Better Plan on Loan-Level Pricing Fees
On March 15, the Federal Housing Finance Agency announced that it would postpone the implementation of loan-level pricing adjustment fees that would be based on a borrowers’ debt-to-income ratio in Fannie Mae and Freddie Mac’s single-family pricing grids until deliveries on or after August 1. The delay creates an opening for FHFA to get the policy right. The DTI-based LLPA is unworkable and should be replaced.
Industry Briefs Apr. 14, 2023: FHA Extends COVID-19 Forbearance, HECM Extension Policies through May 31
The Federal Housing Administration published Mortgagee Letter 2023-08: Extension for COVID-19 Forbearance and COVID-19 Home Equity Conversion Mortgage Extensions, setting May 31 as the final date for borrowers requesting a COVID-19 forbearance or a COVID-19 Home Equity Conversion Mortgage Extension.