Pulte signals review of LLPAs, credit reports

Director Bill Pulte said the Federal Housing Finance Agency (FHFA) is reviewing whether to change loan-level price adjustments (LLPAs) and the use of multiple credit reports in mortgage underwriting, signaling possible policy changes as soon as 2026. In a series of posts on X on Saturday, Pulte said “we are studying the usage of just one or two credit reports to bring even more savings than we already have to American consumers.” He added that he expects to decide “whether there will be any changes to LLPAs before year end.” In a separate post, Pulte pushed back on media reports that he might become the White House chief of staff under President Donald Trump, writing: “Another day, another false story. I am NOT interested in being Chief of Staff. The articles are completely false. I am ONLY interested in working with President Trump and Susie Wiles to make housing more accessible. You will see what I mean very soon!” Mortgage market changes The comments on social media came a few days after Pulte canceled his participation at the Mortgage Bankers Association (MBA) Annual Convention & Expo in Chicago, where participants were expecting to hear about regulatory moves to improve af...