Any loan guaranteed by one of the agencies regardless of the lender. This is MOST loans in the US. Examples of loans that wouldn't be affected would be FHA/VA as well as certain jumbo and specialty products. "Non-conforming" loans are not impacted by this as they are not guaranteed by the agencies. A common example of a non-conforming loan would be a jumbo loan from a retail bank or credit union.
LLPA is an upfront fee. for example, for 500K mortgage at 0.375%, Fannie would collect $1875 from the originating lender. The lender would convert the fee into an interest rate adjustment similar to point buydown.
For example usually one point would reduce mortgage rate by 0.25%. Therefore, 0.375 point fee would push mortgage rate up (0.375 x 0.25) = 0.09%
低信用 = 爱折腾，有可能瞎折腾。先从信用好的这里多收点帮他们折腾，等折腾出事来再收点帮他们收拾残局。这是什么好事吗？LOL
What lenders/loans does this apply to?
Any loan guaranteed by one of the agencies regardless of the lender. This is MOST loans in the US. Examples of loans that wouldn't be affected would be FHA/VA as well as certain jumbo and specialty products. "Non-conforming" loans are not impacted by this as they are not guaranteed by the agencies. A common example of a non-conforming loan would be a jumbo loan from a retail bank or credit union.
https://www.mortgagenewsdaily.com/news/01192023-big-llpa-changes
无论谁让我跳下去海阔天空我也不跳。别说没好处，真有好处我也不跳。
我有一信用800的房客，也买不起房，但就是每月1号要交房租。飓风搞破坏，电和网都停了，她急得很，我告诉她别急别急，先打理好生活再说，我不会收late fee. 结果，第三天网一通就把房租转过来了。这是第八个年头了，从不晚一天交租。
这就叫信仰。不为买房，只为做人。还好，美国还有很多这样的人，他们才是美国的基石。
上有政策，拉选票；
下有对策，竞争打败其他银行，才能有好客户。任何银行做生意，都喜欢讲信用的客户。
我理解的对吗？：）
银行整来整去为啥还有大批银行快倒闭？就是因为他们知道政府会买单。他们先挣了奖金和红利再说。哪管以后洪水滔天。
你们太天真啦。哈哈
LLPA is an upfront fee. for example, for 500K mortgage at 0.375%, Fannie would collect $1875 from the originating lender. The lender would convert the fee into an interest rate adjustment similar to point buydown.
For example usually one point would reduce mortgage rate by 0.25%. Therefore, 0.375 point fee would push mortgage rate up (0.375 x 0.25) = 0.09%