New Loan Level Price Adjustments [LLPAs] for >70% LTV

March 7, 2008 by Chris Grau · Leave a Comment
Filed under: Breaking Mortgage News 

MGIC 

Yesterday, Fannie Mae “in light of the continued deterioration in the housing market” has decided to discourage more people from buying homes.  They will be charging aditonal loan level price adjustments for loans they consider risky.  I have listed some highlights of the new penalties.  When reading the following information it is important to note that each .40-.50 mean an additional .125% Read more