Fannie Mae Announces New Loan-Level Price Adjustment Framework
Today, Fannie Mae issued Lender Letter LL 2023-01, New Loan-level Price Adjustment Framework, to provide information about future changes to loan-level price adjustments (LLPAs) and an overall redesign of the LLPA matrix. These changes are at the direction of FHFA and in alignment with Freddie Mac.
The updated LLPAs will be effective for all whole loans purchased on or after May 1, 2023, and for loans delivered into mortgage-backed securities (MBS) with issue dates on or after May 1, 2023.
For questions, please contact the Fannie Mae Investor Help Line at 1-800-232-6643, Option 3 or by e-mail.