Special Update: LLPAs to Increase

On top of the previously announced 10 basis point increase in Fannie Mae and Freddie Mac guarantee fees,  Fannie and Freddie have published new Loan Level Price Adjustments (LLPAs) which will be effective April 1, 2014. The primary effect of the adjustments is to increase LTV/Credit Score LLPAs by 25 to 150 basis points.  Offsetting these increases somewhat, the 25 basis point Adverse Market Delivery Charge will be eliminated for all states except New York, New Jersey, Connecticut, and Florida.