mortgage changes

Big Changes to Mortgage Fees

Big Changes to Mortgage Fees

The Federal Housing Finance Agency (FHFA) recently announced changes to Fannie Mae’s and Freddie Mac’s fee matrix.

Referred to as Loan Level Price Adjustments (LLPAs), they use a pricing matrix to determine your loan fees and interest rate based on your credit score, the loan-to-value ratio, occupancy (owner vs non-owner occupied homes), and most recently, your debt-to-income ratio.