Agency Loan Level Price Adjustments
Newrez Approved Correspondent Clients: please note Fannie Mae and Freddie Mac recently announced updates to Loan Level Price Adjustment (LLPA) that applies to high balance and second home loan transactions. As a result, Newrez will be implementing new Conventional LLPAs on Best Effort Commitments >=60 Day lock periods.
Lock extensions/ relocks will be subject to the new LLPAs if the loan is delivered after March 7, 2022 and purchased after March 14, 2022, and the new fee was not included previously.