FHFA Cancels LLPA Fee Increase Scheduled for August 1, 2023
On Wednesday, May 10, after significant urging from the National Association of REALTORS® (NAR), the Federal Housing Finance Agency (FHFA) canceled the proposed loan level pricing adjustment (LLPA) upfront fee on borrowers with a debt-to-income ratio greater that 40 percent. This increase was scheduled to go into effect on August 1st.