Fannie Mae and Freddie Mac DTI LLPA Changes Delayed
Newrez LLC "Newrez" Approved Correspondent Clients; yesterday The Federal Housing Finance Agency (FHFA) announced a delay of the implementation date of the DTI ratio-based fee until August 1, 2023.
Based on this decision, Newrez will update the Best Effort rate sheet effective for all Best Effort Commitments taken on or after Thursday, March 16, 2023 where the DTI > 40% to a zero value LLPA.