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

By
Mortgage and Lending with Everest Credit Services

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.

 

Comments (1)

Terry Ross
Everest Credit Services - Tomball, TX

What is LLPA

Loan Level Price Adjustment

Aug 28, 2008 11:34 AM