The National Association of Mortgage Brokers (NAMB) declared its support this week for a bill introduced by Republicans in the U.S. House of Representatives that would reinstate the Loan Level Price Adjustment (LLPA) structure that was in place prior to May 1, 2023.

Lawmakers proposed similar legislation in April. However, it was more limited in scope and sought to cancel the changes announced in January and continue risk-based pricing.

The new version seeks to restrict Federal Housing Finance details ⇒