Entries by Andy Cruz

The Mortgage Heroes Podcast Episode 18 – Better CREDIT now costs more?!?!

The new Loan Level Price Adjustments are out and people are pretty upset (including us). Today we talked about the new fee changes that are impacting ALL CONVENTIONAL LOANS originated from May 1, 2023 onward. SIGN THE PETITION TO REVERSE THESE FEES: https://www.change.org/p/stop-the-fhfa-s-unfair-loan-level-price-adjustments-on-mortgagees-with-good-credit?recruited_by_id=1f332830-defa-11ed-87f8-774cbbc88cb4

Monday Mortgage Minute – This NEW RULE is very questionable!

Nothing dominated the mortgage and real estate space more last week than the proposed loan level pricing adjustment program that would charge loan applicants with better credit scores and larger down payments a higher fee than those with lower down payments and lower credit scores. Essentially an inversion of responsible personal credit strength and large […]