The FHFA's Change in Mortgage Rates

The FHFA, which basically controls Fannie and Freddie, got bailed out back in that time period. So they are changing these LLPA fees, right? These loan level pricing adjustment fees of up to 726,000 or whatever. That they're going to charge higher FICO scores and larger down payment people more at the expense of allowing low-income borrowers who don't have as good a credit record. "From a moral hazard perspective again, yes, we, housing market is certainly peaked"

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