fha mortgage loans, local mortgage broker, midwest family lending

(515) 252-7107

APPLY NOW!

Mortgage Industry News

« Return to Mortgage Industry News

GSE Fee Changes Too Small to Notice?

Monday, April 20, 2015

Changes to Fannie Mae and Freddie Mac's fee structure were announced by the Federal Housing Finance Agency (FHFA) on Friday.  But in the words of The Wall Street Journal, "the changes are so small that few borrowers will notice."

Modifications to the Loan Level Price Adjustments (LLPA) will result mainly in slightly lower fees to borrowers with weaker credit.  FHFA said it was directing the government sponsored enterprises (GSEs) to eliminate the 25 basis point adverse market fee they implemented in March 2008 and replace if "with targeted increases in guarantee fees to address various risk-based and access-to-credit considerations."

 

Read Full Article

Testimonial

"I very much appreciated Midwest Family Lending walking us through all of the steps we needed to take along the way. For us much of the process was like a foreign language and they helped lead us and teach us along the way. Appreciate their experience and industry knowledge, which In an industry like real estate with many types of loans, potential issues with property, the city or county and financial institutions, and many other matters that can crop up, makes this so important. The wealth of experience that Midwest Family Lending has is very much needed to see complex situations/ projects through to completion. Highly recommend!"
Cheryl K.