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Loan Level Price Adjustment, Suspended Delivery Fee, and Price Cap Updates

Effective with new Best Efforts locks as of Monday, October 23, 2017, Flagstar Bank will be making the following LLPA, suspended delivery fee, and price cap updates:
  • Agency retained non-owner occupied LLPA of -0.500 will be removed for Fannie Mae and Freddie Mac products, including DU Refi Plus and LP Open Access.

  • Conforming Fixed and ARM price cap will be updated to 106.000. Government Fixed and ARM price cap will be updated to 108.000.

  • Suspended Delivery Fee will be updated to -0.020 per day from -0.025 per day. Additionally, lock expiration dates will no longer fall on a weekend or holiday, they will roll to the next business day.

If you have any questions, please contact your sales relationship manager.

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