New Loan Level Price Adjustment-LLPA for Conventional Loans -(01/06/11)
Posted on January 6th, 2011 by United Wholesale Mortgage
Conventional Loans will be costing a little more in the near future…
LLPA’s first came about in 2009, Fannie Mae and Freddie Mac began charging “loan-level price adjustments” (LLPA). These fees are designed to compensate for loans with greater risk!
Since their first roll-out in April of 2009, LLPA’s have been updated five times. This April, we’ll see the sixth adjustment in two years.
Click on the Link below to see the Current Rates & the New Rates that will be implemented.
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