Our Best Efforts Delegated and Non-Delegated Rate sheets have been updated to reflect new Loan Level Price Adjustments. For Conventional, a new field has been added to capture the LLPA for Manufactured Housing. For Government loans, two fields have been added to capture the LLPAs for DTI>50% and Manufactured Housing. The fields will be visible on the rate sheets immediately but the actual LLPAs will not be updated and implemented until Wednesday, January 5th.
Conventional LLPA Tab
| Loan Feature |
| |
FHLMC |
FNMA |
| Investment Property |
(0.050) |
(0.050) |
| Second Home |
(0.050) |
(0.050) |
| Investment Property or Second Home <680 |
(0.250) |
(0.250) |
| Investment Property or Second Home , LTV>80% |
(0.250) |
(0.250) |
| Investment Property or Second Home, DTI< 40% |
(0.250) |
(0.250) |
| DTI >45% |
(0.100) |
(0.100) |
| Manufactured Housing |
0.000 |
0.000 |
Government LLPA Tab
| Product Type |
| DTI>50% |
0.000 |
| Manufactured Housing |
0.000 |
If you have any questions, please contact your Regional Sales Executive, or contact us via the support line 1-800-929-4744, Email inquiries can be sent to PHHCorrSupport@PHHMortgage.com or RateLock@PHHMortgage.com.
Thank you for your continued business.
Coming soon – PHH Mortgage is changing its name!
