• MPF Xtra
  • July 26, 2021

MPF Announcement 2021-56

MPF Xtra Selling Guide Updates

Effective Date: August 1, 2021

On July 16, 2021 Fannie Mae issued Lender Letter LL-2021-13. In this Lender Letter Fannie Mae announced the adverse market refinance fee that was previously implemented in the form of a loan-level price adjustment (LLPA) for loans purchased or securitized beginning December 1, 2020 will now be eliminated.

As a result, Fannie Mae will no longer assess the LLPA for loans purchased or securitized on or after August 1, 2021. Fannie Mae has updated the  Loan-Level Price Adjustment (LLPA) Matrix accordingly.

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