Awful Lot of Misinformation on Mortgage Fee Changes
Awful Lot of Misinformation on Mortgage Fee Changes
MBA Chief Broeksmit: 'Awful Lot of Misinformation' on Mortgage Fee Changes Mortgage Bankers Association President and CEO Bob Broeksmit decried the glut of "misinformation" surrounding the changes in the Loan Level Price Adjustments (LLPAs) So, these fees are already in the market. Broeksmit added that next week’s changes "were meant to address some anomalies in the previous pricing structure, and now you’ll see a very smooth increase in price as the credit score worsens. Broeksmit stressed the main problem facing the housing market today is not the LLPA changes, but the lack of inventory for buyers.
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