In a recent announcement, a prominent mortgage lending company has made a significant move by eliminating loan-level pricing adjustments (LLPAs) on government loans. This decision, although welcomed by many in the industry, comes with some restrictions that must be carefully considered by both lenders and borrowers.
Key points to note from this announcement include:
– Removal of LLPAs on government loans by a major mortgage lending company
– Limited restrictions accompanying this change that could impact loan pricing for certain borrowers
– Implications for both lenders and borrowers in the mortgage industry as they navigate this new development
You can read this full article at: https://www.housingwire.com/articles/uwm-drops-llpa-government-loans-600-fico/(subscription required)
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