Currently viewing the tag: "LLPA"

Fannie Mae and Freddie Mac to further expand refinance programs

On July 2, 2009 By

New DU Refi plus limits up to 125%:  Fannie Mae & Freddie Mac are extending their refinance initiatives as of September 1. 

The Fannie Mae DU Refi Plus and Freddie Mac Relief Refinance Mortgage programs are both tools for obtaining a refinance when the primary issue is home value.  As is always the case with our [...]

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FHA Rates v Conforming Rates

On July 1, 2009 By

The mortgage rates for FHA and conforming loans have moved closer recently.

When we look at someone with perfect credit, single-family home and a 10% down payment, these loans are currently offering essentially the same rates in the low 5′s.

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LLPA: A look at Fannie Mae and Freddie Mac Loan Level Price Adjustments

On September 12, 2008 By

Fannie Mae’s revised Loan Level Price Adjustments most specifically target the higher risk loans of people in credit tiers of 720 and below.  The most punitive fees are given to loans with credit scores below 680.

We reviewed the concept of these fees in our February webcast

Credit Score <=60% 60.01-70% 70.01-75% 75.01-80% 80.01-85% [...]

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