In response to the January 19, 2023 FHFA Single Family Pricing Framework Announcement requiring updates to GSE Loan Level Price Adjusters (LLPAs), pricing adjustments from the referenced announcements will apply to all PHH Mortgage Best Efforts based on Lock Terms.
As of February 15, 2023, Best Efforts Locks will apply the new pricing adjusters based on Lock Term. All loans locked without the new LLPAs will be subject to the new LLPAs if purchased after April 15, 2023.
For additional information, please reference the below link:
FHFA Announcement
GSE Bulletins:
Fannie Mae (LL-2023-01): New Loan-Level Price Adjustment Framework
Freddie Mac (Bulletin 2023-1): Update to Credit Fees and Exhibit 19 Redesign
If you have any questions, please contact your your Correspondent Specialist, Sales Executive, or contact us via the support line at 800-929-4744.
Thank you for your continued business.
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