FHFA backed down on granting LLPA better pricing

[Caroline Gerardo]

After the MBA and hundreds of mortgage lenders and consumers complained to their Congressperson the FHFA rescinded its plan to offer a bit better pricing to lower FICO score ranges and debt to income ratios. Though negligible in the terms of what an investor might see in mortgage rates overall...  

https://nationalmortgageprofes...

I saw some posts about this in the past weeks.

MBA fought this. I'm on the MBA Legal Team. I had 200+ people call their Congress-person and call Sandra Thompson. I spent 30 days doing this day and night as this was a recent "plan".

Sometimes the government listens.