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Loan-Level Price Adjustments for May 1

The following Loan-Level Price Adjustments (LLPAs) will go into effect on May 1, 2017.  To take advantage of existing price improvements, rates must be locked by 4:00 p.m. PST April 28, 2017.

Correspondent

“$180K-$299,999K – 30-Year Fixed Only” 
Improvement of 0.125 to pricing will be removed from the correspondent rate sheet.

State Adjuster for 30-year Fixed Rates <= Conforming Limits (Does not Apply to Home Ready)

Virginia, Hawaii, District of Columbia, Oregon, Tennessee, Ohio and North Carolina receive a price improvement of 0.125.
Georgia and Florida will receive a price improvement of 0.250.
Texas will receive a price improvement of 0.375.

The price improvement for Washington and Arizona will be removed from the current rate sheet.

State Adjuster For VA/FHA Fixed Rates

Washington, Virginia, District of Columbia, Tennessee, Ohio, North Carolina, Hawaii and Texas receive a price improvement of 0.125.

The current price improvement for Washington and Hawaii will be replaced by the above.

Wholesale

State Adjuster for 30 years Fixed Rates <= Conforming Limits (Does not Apply to Home Ready)

Virginia, Hawaii, District of Columbia, Oregon, Tennessee, Ohio and North Carolina will receive a price improvement of 0.125.
Georgia and Florida receive a price improvement of 0.250.
Texas will receive an improvement of 0.375.

The price improvement for Washington and Arizona will be removed from the current rate sheet.

State Adjuster For VA/FHA Fixed Rates

Washington, Virginia, District of Columbia, Tennessee, Ohio, North Carolina, Hawaii and Texas receive a price improvement of 0.125.

The current price improvement for Washington and Hawaii will be replaced by the above.

For additional information, please contact your Account Executive or visit JMACLending.com.