Fannie Mae LL-2020-12 New Adverse Market Refinance Fee

August 27, 2020

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Fannie Mae is updating LL-2020-12 to clarify that the LLPA applies to high LTV refinances without regard to the cap that otherwise applies to those transactions, as well as extend the effective date to whole loans purchased or delivered into MBS pools on or after December 1, 2020.

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