Comment Detail
Date: 08/16/23 First Name: Elizabeth Last Name: Nimmons Email: enimmons@nahrep.org Organization Type: other Organization: NAHREP Comment
Please see attached letter to provide insights into the Enterprises' single-family mortgage pricing framework. The National Association of Hispanic Real Estate Professionals (NAHREP) and aspiring Hispanic homebuyers across the country appreciate the seriousness of this discussion and seek to emphasize how important the pricing framework is to homeownership affordability and sustainability.
Summary of NAHREP's Response: The Enterprises should eliminate the segment of upfront guarantee fees known as loan level price adjustments and credit fees in price (hereinafter referred to as "LLPAs"). They are no longer needed in the post-Dodd Frank environment.
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