Currently viewing the tag: "LLPA"

Interest Rate Predictions | Week of March 21, 2011

On March 21, 2011 By

Like the past few weeks, this week’s will be driven by things that are simply not very mortgage related.

Libya and Japan continue to dominate headlines, but the issues in Bahrain and Yemen are rapidly closing in as most important.   In the spirit of [...]

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"What are Current Mortgage Rates?"

On March 11, 2011 By

“What are current mortgage rates?”

It’s probably one of the most common questions asked by home buyers and home owners.

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Loan Level Price Adjustments = Higher Loan Costs

On January 6, 2011 By

Starting April 1, 2011, loan-level pricing adjustments are increasing. Most conforming mortgage applicants will face higher loan costs.

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Loan-Level Pricing Adjustments (Revisited)

On December 16, 2010 By

Loan-level pricing adjustments (LLPA) are mandatory fees designed to better align the mortgage rate and fee with the loan characteristics.

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Credit Score Scenarios for 680 and 780 FICOs

On October 21, 2010 By

With loan-level price adjustments (LLPA) directly relating your mortgage rate to your credit score, some of these changes can be mean more than a 1% fee on a loan.

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Current Mortgage Rates & Closing Costs

On September 8, 2010 By

The average contract interest rate for the 30 Year dropped from 4.50% to 4.43%. BUT, the points dropped from 1.34 to .96 (.38%, or almost $950 on a $250,000 loan). All rates and fees measured by the survey are for 80% loans and therefore avoid Loan Level Price Adjustments

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Fed Minutes Helps Mortgage Rates–depending on your credit score

On July 16, 2010 By

Freddie Mac’s most recent weekly summary shows a continued push on the all-time interest rate lows that we are currently seeing, but there’s a huge difference in rates for 740 FICOs and 660 FICOs.

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Loan Level Price Adjustments and Low Mortgage Rates

On July 14, 2010 By

Mortgage rates keep pushing on these historical low levels, but not everyone is qualifying for the headline rate from Freddie Mac of “4.57 percent with an average 0.7 point.”

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What is a loan level price adjustment (LLPA)?

On December 10, 2009 By

What is a ()?

This has become one of the more frequently asked questions for mortgages in today’s lending environment.  Conventional loans carry loan level price adjustments.  Continue Reading →

The Irrelevance of an 800 Credit Score

On September 11, 2009 By

In early 2008, we talking about the “new” Loan Level Price Adjustments () being levied by Fanne Mae and . At that point, you could see the importance of Continue Reading →