Bulletin 2023-015 Fannie Mae and Freddie Mac LLPA Changes
Newrez LLC "Newrez" Approved Correspondent Clients; Fannie Mae and Freddie Mac recently announced updated loan-level price adjustments (LLPAs) to be assessed on loans delivered to the agencies on or after May 1, 2023.
Newrez will introduce the new LLPA adjustments in its Best Effort (BE) pricing as follows:
|
Lock Window |
Effective Lock Date |
|
>= 60 Day |
2/9/2023 |
|
45 Day |
2/20/2023 |
|
30 Day |
3/6/2023 |
| 15 Day |
3/20/2023 |
Lock extensions and relocks will be subject to the new LLPAs if the loan is purchased after April 14, 2023, and the new agency LLPAs were not previously included.