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The Federal Housing Finance Agency (FHFA) recently announced changes to the loan-level price adjustments (LLPAs) for borrowers with conventional mortgages backed by Fannie Mae or Freddie Mac. The changes, which are set to take effect on May 1, 2023, will impact the pricing structure of mortgages for borrowers.
Hear this out loud PauseOur Duty to Serve plan is an integrated and comprehensive approach to setting industry standards and analyzing the work we do to benefit underserved communities across the country.
Hear this out loud PauseThe property must be an owner-occupied, principal residence. The loan must be a purchase money transaction or a limited cash-out refinance transaction. In addition to the requirements for all Duty to Serve loans, all MH loans must be secured by manufactured homes titled as real property.
The International Union for Housing Finance publishes an online quarterly journal, Housing Finance International (HFI), which has been published by the Union since 1986.
Hear this out loud PauseThe Duty to Serve (DTS) rule directs Fannie Mae to improve access to mortgage financing in three housing markets posing persistent challenges and docHub opportunities.
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In December 2022, Governor Hochul signed into law Private Finance Housing Law (PHFL) Section 610 which allows owners of certain types of affordable housing to collect increased tenant- or project-based subsidies that are above the legal rent.
The Duty to Serve (DTS) requires Fannie Mae and Freddie Mac (Enterprises) to facilitate a secondary market for mortgages on housing for very low-, low-, and moderate-income families.
Hear this out loud PauseThe Federal Housing Finance Agency (FHFA) sets the loan limits on conforming conventional loans, while the FHA sets the loan limits on FHA loans based on the geography.

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