Fannie Mae and Freddie Mac LLPA Changes to Bulk Bids
Newrez LLC "Newrez" Approved Correspondent Clients; Fannie Mae and Freddie Mac announced updated loan-level price adjustments (LLPAs) to be assessed on loans delivered to the agencies on or after May 1, 2023.
Newrez will introduce the new LLPA adjustments in its Bulk Bid pricing effective immediately.
Bulk extensions on previously locked pipeline will be subject to the new LLPAs if the new agency LLPAs were not previously included.
The FHFA has delayed the DTI LLPA adjustments to August 1 deliveries. NewRez related lock timeframes will be announced at a later date.