Superior Property Management Applauds FHFA’s Decision to Drop Pro

Houston, Texas (May 11, 2023) – Superior Property Management, a leading residential property management company in Houston, Texas, is pleased to share the news that the Federal Housing Finance Agency (FHFA) has decided to rescind its proposed loan level pricing adjustment (LLPA) upfront fee. This decision comes after significant advocacy efforts from the National Association of REALTORS® (NAR) and is expected to positively impact Houston’s residential property management sector.

The proposed LLPA fee would have affected borrowers with debt-to-income ratios greater than 40 percent and was originally scheduled to go into effect on August 1st. However, following concerns raised by the real estate industry, the FHFA chose to drop this fee. NAR President Kenny Parcell stated that imposing the fee would have made it harder for borrowers to afford homes and potentially increased their risk of default.

As Houston’s trusted residential property management company, Superior Property Management applauds the FHFA’s decision, which demonstrates good governance and responsiveness to industry concerns. This move will likely lead to a more balanced housing market in Houston and across the country.

In addition to rescinding the proposed fee, the FHFA announced plans to conduct a request for information on other new fees, such as those imposed on borrowers with higher credit scores and moderate down payments. Superior Property Management is committed to staying informed on these developments and advocating for policies that benefit Houston’s residential property market.

The National Association of Realtors® is America’s largest trade association, representing over 1.5 million members involved in all aspects of residential and commercial real estate. As a proud member of NAR, Superior Property Management adheres to a strict Code of Ethics and strives to provide the highest quality service to clients in the Houston area.

For more information on how Superior Property Management can help you with your residential property needs in Houston, Texas, please visit our website or contact us today.

Keywords: Houston Texas, residential property management, Superior Property Management, Federal Housing Finance Agency, loan level pricing adjustment, National Association of REALTORS®, debt-to-income ratios, real estate, housing market