Last week, the FHFA announced its decision to rescind DTI LLPA fees. This week, NAR President Kenny Parcell testified against another LLPA fee issued by the FHFA—this one for borrowers with fair to good credit.
The Hot Sheet recap for May 8th – 12th covers what will happen to home prices, with predictions with and without a U.S. default on debt. Plus, the FHFA rescinds its DTI LLPA fee and a dip in spring housing inventory.
On Wednesday, the FHFA announced it would rescind its DTI LLPA fee for conventional borrowers. The decision comes after the FHFA announced a delayed implementation to better understand the concerns of industry stakeholders.
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