Volume 2014 - Number 18
May 9, 2014
FHFA May Ask for Industry’s Views on Loan-Level Pricing Adjustments; a Trade-Off for Higher G-Fees?
The Federal Housing Finance Agency may soon ask for industry feedback on loan-level price adjustments, those annoying charges that result in extra fees being heaped on borrowers because they have FICO scores or downpayments that don’t fall into the category of being “pristine.” Moreover, industry executives, their lobbyists and advisors believe that over the next few months the agency may offer a trade: no increase in guaranty fees in exchange for some tweaking of LLPAs. Industry observers believe...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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