Fannie Mae Announces Rescission of LLPAs Based on DTI Ratio

Today, Fannie Mae published Lender Letter LL 2023-06, Rescission of Loan-Level Price Adjustments Based on DTI Ratio. At the direction of the Federal Housing Finance Agency (FHFA) and in alignment with Freddie Mac, we are rescinding the DTI ratio loan-level price adjustment (LLPA) attribute that was scheduled to apply to loans purchased on and after August 1, 2023.