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FHFA rescinded its proposed LLPA changes

SPAAR - 05/12/2023

Latest Update: On May 10, 2023, the Federal Housing Finance Agency (FHFA) rescinded its proposed loan level pricing adjustment (LLPA) upfront fee on borrowers with debt-to-income ratios greater than 40 percent that was slated to go into effect August 1. It was also announced that a request for input (RFI) on an LLPA increase on borrowers with credit scores over 680 and down payments from 5% to 25% would be issued and information gathered from industry, consumers, academics, and private market experts.

Read background information on LLPAs and NARs position on the issue.

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