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LLPAs, Women's Finances, and Real Estate

Join Fobby Naghmi as he learns from Madison Keenan an eye-opening statistic about women and credit card debt. Women tend to have higher credit card debt than men, and it's a problem that needs to be addressed. Madison was shocked to learn that women couldn't even open a credit card until 1974, highlighting the systemic undereducation of women in finances. But don't despair! The hosts offer a glimmer of hope with some excellent resources to empower women.

As mortgage industry professionals, Fobby and Madness have a wealth of experience and knowledge to share, and they don't disappoint in this
episode. They start by discussing loan-level price adjustments (LLPAs), which have been a source of confusion for many people. The hosts explain that LPAs
are not new and are designed to mitigate risk. They also explore how credit scores and down payments can affect LLPAs, but note that it's
a case-by-case situation. They also share their predictions for the future of LLPAs and suggest that the introduction of LLPAs for DTI ratios by Fannie Mae will
help to balance everything out. Additionally, they briefly touch upon the potential benefits of increasing the credit spectrum to allow more homeowners
to buy homes.

Moving on, Fobby and Madness turn their attention to the current state of the housing market. With a low number of available housing
listings and a high number of licensed real estate agents, the demand for homes is at an all-time high. The hosts explore the implications of this trend,
discussing the challenges prospective buyers face and how the industry adapts to meet their needs.

The conversation then takes a personal turn as Madison shares a recent experience with a client who failed to disclose important
information, leading to complications in the loan process. They use this example to highlight the importance of transparency in mortgage and real estate
transactions and to encourage listeners to be forthcoming with all relevant

And finally, Fobby and Madness give listeners a taste of what's to come by previewing their upcoming guests, including Linda Percoco,
the owner of Max Title Agency, who has 25 years of experience in owning her own title company.

With humor, insight, and practical advice, Laugh, Lend and Eat with Madness is an engaging and entertaining episode of ⁠Laugh, Lend, and Eat⁠ with Madness. They are exploring a wide range of topics in their signature lighthearted and informal style. Before delving into the fascinating world of mortgages and real estate, the hosts take a meandering journey through various subjects, including personal videos, technical issues, and favorite music.