Bulletin 2024-028 AMI LLPA Changes
Newrez LLC "Newrez" Approved Correspondent Clients; Effective with new locks on or after April 29, 2024, Newrez will introduce new LLPA adjustments on Conventional Primary Residences that fall into the applicable AMI.
|
AMI Adjustments |
Purchase |
Rate/Term Refinance |
|
Primary Residence AMI <=50% |
0.250 |
0.000 |
|
Primary Residence AMI >50% <=80% |
0.100 |
0.000 |
As a reminder, the correct AMI percentage needs to be selected for the LLPA to be reflected in the pricing.