Tag Archive for: Loan Level Price Adjustments

Why So Many Lenders Have Rates Below the National Average (it’s not what you think)

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We got the JOLTS report yesterday and the ADP report today, and among other things, we are seeing: (1) slower job creations; (2) the creation of part-time jobs instead of full-time jobs, making new jobs data much less rosy; (3) the double counting of new jobs because of the way openings are posted online; (4) “quiet cutting” where employers shift employees into lower-paying jobs; (5) much less job switching; and (6) less confidence in employers, based on employee surveys.Read More

What Are Fannie Mae LLPA Waivers And How Do They Work?

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If you’re in the market to purchase a home for the first time, you may have come across the term “LLPA waivers” in relation to Fannie Mae and Freddie Mac loans. Understanding LLPA waivers is crucial for potential homeowners to make informed decisions and potentially save on mortgage costs. In this blog post, we’ll walk you through the key aspects of LLPA waivers, explaining what they are, how they work, and how you can benefit from them.Read More

Fannie Mae Is Making Strong Borrowers Subsidize Weak Borrowers

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The interest rates for many “strong borrowers” will now be anywhere from 1/8% to as much as 1/4% HIGHER than they otherwise would be – if Fannie and Freddie had not imposed these changes.Read More