NAR Welcomes FHFA’s Cancellation of August 1 LLPA Fee Increase

Thursday, May 11th, 2023

WASHINGTON (May 10, 2023) – This afternoon, following significant urging from the National Association of REALTORS®, the Federal Housing Finance Agency (FHFA) rescinded its proposed loan level pricing adjustment (LLPA) upfront fee on borrowers with debt-to-income ratios greater than 40 percent that was slated to go into effect August 1st. In the wake of this announcement, NAR President Kenny Parcell issued the following statement:

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