UWM takes on the Fannie and Freddie LLPAs

UWM’s pricing adjustments on agency second home and investment properties, effective April 2, 2025.

He said the new pricing was effective immediately and hoped to do it long-term but was at minimum going to keep the program going “for the foreseeable future.”

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On April 1, 2022, the mortgage industry was on the wrong end of what felt like a very cruel April Fool’s joke. It was the day Fannie Mae and Freddie Mac instituted updated loan level pricing adjustments (LLPAs) that made second home and investor properties much more expensive.

Nearly three years to the day later, United Wholesale Mortgage (UWM) CEO Mat Ishbia told mortgage brokers on his weekly sales call that he was effectively lowering those agency pricing adjustments and eating the cost.

“It’s been three years, April Fool’s [was] yesterday and they did not change it,” Ishbia details ⇒

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