Conventional Loan Pricing Scheduled to Hike Rates in Late Spring - 12/28/10 01:59 PM
As a follow up to Fannie Mae’s recent guideline changes, they will now be taking steps to make conventional loans more expensive across the board.  A few years back, Fannie Mae instituted an aggressive round of Loan Level Pricing Adjustments (LLPA’s) and an Adverse Market Delivery Charge (AMDC) to add market risk into their loan pricing.  AMDC’s apply to all loans and LLPA’s are based on a combination of credit score and Loan to Value.
Here is a before and after picture of the pricing hits that will be effective April 1, 2011

These are not slight adjustments to the consumer’s interest rate.  … (12 comments)

 
Charles Dailey - NMLS ID#79048, Charles Dailey (iLoan - NMLS ID#4474) Rainmaker_large

Charles Dailey - NMLS ID#79048

Charles Dailey

Saint Paul, MN

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iLoan - NMLS ID#4474

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