A full overhaul of the loan-level price adjustment (LLPA) matrix — the risk-based fees applied to conventional mortgages — is not currently under consideration by the Federal Housing Finance Agency (FHFA).
Instead, Barry Habib — the MBS Highway founder and CEO who joined Fannie Mae’s board of directors in July — said the approach has been more targeted toward such things as lower costs on non–owner-occupied second homes and cash-out refinances. But at this point, nothing has been established.
“Director (Bill) Pulte really wants to improve things and help,” Habib said in an interview with HousingWire. “It’s not a whole details ⇒
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