3.17.23
The FHFA announced a delay in the implementation of a new up-front fee on Fannie Mae and Freddie Mac borrowers with higher debt-to-income ratios. Citing concerns that the combined effect of this fee and other increases in loan level pricing adjustment (LLPA) fees could disrupt the market, FHFA Director Sandra Thompson stated that implementation will now be delayed by three months to August 1, 2023, allowing lenders and market participants additional time to plan for this fee.
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