Comment Detail
Date: 05/17/23 First Name: Brenton Last Name: Grant Email: brentongrant3@gmail.com Organization Type: other Organization: Draper & Kramer Mortgage Comment
The addition of expansive guarantee fees and ever increasing "risk based" pricing premiums, or as they are now called, loan level pricing adjustments, is a huge tax on the homeowners of the middle class. The cumulative net impact in rates offered to credit worthy and qualified borrowers borders on usurious. If one were to look back at the increases since 2008, when they were truly risk based, you can see the cost.
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