Effective Friday, June 7th, the rate sheet grids for Affordable Price Adjustments and Fannie Mae Only UPB adjustments will be updated for Delegated and Non-Delegated Conventional Best-Efforts Commitments.
Affordable Price Adjustments
| Affordable Price Adjustments(1) |
| Product Feature |
Fannie |
Freddie |
| LIP (Purchase, Primary, <=50% AMI) |
0.250 |
0.100 |
| VLIP (Purchase, Primary, 50.01-80% AMI) |
0.250 |
0.250 |
| HR (Home Ready) |
0.250 |
0.000 |
| HP (Home Possible) |
0.000 |
0.000 |
(1) Only 1 Affordable Adjustment can apply w/in the table
Fannie Mae Only UPB Adjustments
| Fannie Mae Only UPB Adjustments(1) |
| Fannie Mae (NOT HR, HP, LIP, VLIP, Inv, Second) |
UPB <= 300k |
UPB > 300k & <= 450k |
UPB > 450k |
| 20-30Y |
0.050 |
0.000 |
(0.150) |
| 15Y |
(0.150) |
(0.150) |
(0.150) |
(1) UPB Adjustments for products other than Home Ready, Home Possible, Purchase/ Primary <= 50%AMI and Purchase/ Primary 50.01-80%AMI
If you have any questions, please contact your Correspondent Specialist, Sales Executive/Correspondent Sales Representative, or contact us via the support line at 1-800-929-4744.
Thank you for your continued business.
Coming soon – PHH Mortgage is changing its name!
