Effective November 1. The new LLPA aka. Risk based pricing goes into effect.

Delivery to the GSA's increases .25%, and everything else changes.

You can actually get a better rate putting down 10% rather than 20%, since most 20% down payers don't escrow.

Read the full changes here:

https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2008/0818.pdf

It is almost atrocious.

 

 
Posted by Terry Ross on 08/28/2008 06:32 PM   Comments (1)   interest rates, dti, fannie mae, credit scores, changes  
Post is included in group: Realtors®

1 Comments on New Risk Based Pricing. Rates go up 11/01 reguardless

AUG
28
2008

What is LLPA

Loan Level Price Adjustment
6:34pm • #1

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Terry Ross

Tomball, TX

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Everest Credit Services

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