When the mortgage markets collapsed and the housing agencies started hemorrhaging cash, they instituted new fee policies known as Loan Level Pricing Adjustments (LLPA) and Adverse Market Delivery Charges (AMDC) as a means to fix their balance sheets on the backs of homeowners that were still able to obtain loans. (joemetzler.com)
NAR, along with 24 other organizations, is urging FHFA Director Mel Watt to reduce loan level price adjustments (LLPAs) by Fannie Mae and Freddie Mac. (nar.realtor)
Fannie Mae and Freddie Mac publish Loan Level Price Adjustments which increase interest rates for lower - credit - score buyers. (themortgagereports.com)