![]() ![]() Fannie Mae Lender Letter (LL-2020-12) states that “n light of market and economic uncertainty resulting in higher risk and costs incurred by Fannie Mae, we are implementing a new. On August 12, 2020, Fannie Mae and Freddie Mac announced that the cost to originate and to deliver single family limited cash out refinances and cash out refinance mortgage loans would increase by one half of one percent (0.500%), or 50 bps, as a loan level pricing adjustment (LLPA). ![]()
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