Loan-Level Pricing Adjustments (LLPA) A loan-level pricing adjustment (LLPA) is a risk-based fee assessed to mortgage borrowers using a conventional mortgage. Loan-level pricing adjustments vary by borrower, based on loan traits such as loan-to-value (LTV), credit score, occupancy type, and number of units in a home. Borrowers often pay LLPAs in the form of higher [...]
Written by Erik J. Martin The Mortgage Reports Contributor Mortgage rates have been unbelievably low lately. That’s due to several factors, including the Fed’s recent decision to cut interest rates. But will they remain low for long? According to industry experts, there’s a good chance they will. Freddie Mac — one of the industry’s leading authorities — sees [...]
Written by Carissa Abazia What are closing costs? Closing costs are a combination of lender fees, third-party fees, and fees charged by your state or county for recording or transfer taxes. You will review these fees during the transaction; fees are included in the initial Loan Estimate as well as your Closing Disclosure(s). Here are [...]
By Scott Mautz CEOs have an overwhelming amount to worry about and focus on, especially incredibly complex tech companies like Microsoft. That's why I found Microsoft CEO Satya Nadella's sit-down interview on July 25th with cheddar.com so intriguing. Nadella was asked for the secret behind Microsoft's resurgence. It passed a trillion-dollar valuation in April, becoming the third company to do so after [...]
Written by Carissa Abazia I sit here embracing the small amount of wisdom that has come with my age, and hope it makes the remaining years of my current decade – and decades thereafter – a tad smoother. Growing up my father would tell me: “Sweetie, the older you get, the wiser I become.” So [...]
