Fannie Mae Announces Loan-Level Price Adjustments for Second Home and High-Balance Loans
Today, Fannie Mae issued Lender Letter LL 2022-01, Loan-Level Price Adjustments for Second Home and High-Balance Loans, communicating details to our Single-Family sellers about changes to loan-level price adjustments (LLPAs) for these loans.
The updated LLPAs are effective for all whole loans purchased on or after April 1, 2022 and for loans delivered into MBS pools with issue dates on or after April 1, 2022. Please refer to the Lender Letter for additional information.
Data Dynamics®, Fannie Mae’s free analytics platform, now provides users the ability to see the share of second home loans in a pool and filter by this field through the MBS Pool Details report.
For questions, please contact the Fannie Mae Investor Help Line at 1-800-232-6643, Option 3 or by e-mail.