llpa: Loans get more expensive again..... New 'Risk Based Pricing' rate adjustments
- 01/12/11 12:24 PM
New Risk Based Pricing - Rate Adjustments Fannie Mae does it again.... Raising fees on borrowers. Effective for deliveries on or after April 1, 2009.... Which means when the loan is sold to Fannie long after closing..... Expect these new rate adjustments within the week at your local lender. So, what is Risk based Pricing? It is a Loan Level Price adjustment..... Which is a fancy term for the POINTS that Fannie Mae demands from borrowers based on their pricing matrix. Two factors go into pricing matrix..... Credit core and LTV(loan to value). https://www.efanniemae.com/sf/refmaterials/llpa/pdf/llpamatrix.pdf <= for those that like the nuts … (3 comments)
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New Risk Based Pricing - Rate Adjustments
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