Borrowers With High Credit Scores To Subsidize Those with Lower Credit Scores
Fannie Me and Freddie Mac will be enacting their new loan-level price adjustments (LLPAs) starting on May 1, 2023. These LLPAs mark a significant change to the mortgage market, as they ostensibly make homeownership more affordable for borrowers with lower credit scores, while also ensuring that Fannie Mae and Freddie Mac remain financially sound. How?…
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