Fannie Mae issued Lender Letter LL-2022-01: Loan-Level Price Adjustments (LLPAs). The LLPAs apply to second homes and high balance mortgage loans. In addition, Fannie Mae will no longer charge a high-balance LLPA for loans to first-time homebuyers with income less than or equal to 100% of area median income. The updated LLPAs apply to whole loans purchased on or after April 1, 2022, and loans delivered into MBS pools with issue dates on or after April 1, 2022.
Click to view the Fannie Mae Lender Letter LL-2022-01: https://www.tenaco.com/wp-content/uploads/2022/01/Fannie-Mae-Lender-Letter-LL-2022-01-01-05-22.pdf
