NAR Asks FHFA To Reconsider Changes to Fees
In January 2023, the Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac to change their loan level pricing adjustments (LLPAs) by May 1. Those LLPAs are upfront fees that Fannie Mae and Freddie Mac charge individual borrowers based on their credit score, down payment, and other risk factors.
NAR is opposed to these changes and continues to share its concerns with the FHFA. Read how these changes affect borrowers and why NAR has taken this position.