FHFA Rescinds Loan Level Pricing Adjustment for High DTI Borrowers, Providing Relief for Home Buyers

FHFA Rescinds Loan Level Pricing Adjustment for High DTI Borrowers, Providing Relief for Home Buyers and Mortgage Industry.

Breaking news, a major victory for home buyers and the mortgage industry.
The F H FA responsible for regulating Fannie Mae and Freddie Mac has announced its decision to rescind a loan level pricing adjustment for conventional borrowers with debt to income levels of 40% or higher.
If you remember just a few weeks ago, they were enthralled with controversy over pricing adjustment changes for credit scores.
The F H FA had earlier delayed the implementation dates from May 1st to August 1st following strong opposition from mortgage mortgage industry stakeholders including the Mortgage Bankers Association.
This decision has been met with great enthusiasm by the mortgage industry for more up to up to minute news that affects the real estate market.
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