Comment Detail
Date: 05/17/23 First Name: David Last Name: Thoreson Email: dave.thoreson@ccm.com Organization Type: fannie mae Organization: CrossCountry Mortgage Comment
My concern is the HUGE LLPA's that are charged on 2nd homes. I've been doing 2nd home mortgages for 22 years and 2nd home buyers are NOT a default risk. These are buyers with high FICO scores, strong employment, and lower DTI's. Most of the homes they are purchasing are in resort (lakeshore) areas and they are not competing with first time homebuyers. 3.125 pts for a 2nd home is ridiculous and hurting the 2nd home market. Thank you for your consideration.
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