Is Fannie Mae charging other LLPAs for Refi Plus?
A feature of Refi Plus is expanded eligibility criteria, specifically expanded LTVs up to 125 percent. The Refi Plus Pricing Matrix includes LLPAs for these previously ineligible loans. The LLPAs for the increased LTVs are the same as the LLPAs that are charged for the highest LTV for otherwise eligible refinance transactions, except that for Refi Plus loans with LTVs of 105.01–125 percent and loan terms greater than 15 years up to 25 years the high-LTV LLPA is reduced by .50 percentage points.
