Bulletin 2023-026 Update to GSE Debt to Income LLPA

Update to GSE Debt to Income LLPA

Newrez LLC "Newrez" Approved Correspondent Clients; As a result of the FHFA announcement on March 15th relating to GSE DTI LLPA delaying implementation, Newrez will proceed as follows:


  • Regarding any current lock (not yet purchased) where Newrez had previously applied the new GSE LLPA, Newrez will adjust pricing by removing the LLPA at time of purchase.
  • Regarding new lock activity, the DTI LLPA adjuster was removed from rate sheet distribution on Thursday, March 16th. A new effective date will be announced in the future.


REMINDER: All other recent agency LLPA adjusters previously announced will remain in effect:


  • Regarding Announcement 2023-015 (LLPA adjustments for loans purchased after April 14th) Newrez is reminding our clients that the last phase of lock window (impacting 15 day pricing) will be effective on Monday, March 20, 2023.