There could finally be some relief ahead for homebuyers. Federal Housing Finance Agency Director Bill Pulte announced on social media a review of the controversial loan-level price adjustment (LLPA) fees that impact millions of borrowers. The review, led by mortgage expert and Fannie Mae board member Barry Habib, could lead to lower mortgage costs for buyers and homeowners looking to refinance.

In this episode, Kathy Fettke explains what this review means for borrowers, how it could affect affordability, and why any change to mortgage pricing could ripple through the housing market.

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SOURCE: https://www.housingwire.com/articles/fhfa-reviews-loan-level-price-adjustments/