Fannie Mae and Freddie Mac recently announced updates to Loan Level Price Adjusters (LLPA) that will apply to Home Possible & HomeReady Products as well as Cash-Out Refinances.

GMFS has adopted LLPA changes consistent with the GSE updates as of the date of this announcement (11/8/2022). These changes include:

• No LLPAs for HomeReady and Home Possible products
• the new Cash-out adjusters below​