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  • Comment Detail

  • Date: 05/16/23
    First Name: Jeffrey
    Last Name: Henderson
    Email: jhenderson@methodmortgage.com
    Organization Type: federal government
    Organization: Method Mortgage

  • Comment

    The FHFA's new LLPA's have been detrimental to my clients that are trying to purchase homes. They amount, in most cases, to a .125-.25% higher rate than they would have otherwise gotten. At the same time, the FHA loans have gotten more attractive. It use to be that if a client had under a 720, we'd usually go FHA (unless they had substantial down payment). That cutoff is now usually 740. I can't imagine an argument that says that is better for people. It's a cash grab at best. Socialism at worst.