Oakmont Pricing Adjusters Changes
Fannie Mae announced on Monday August 4th, 2008 revisions to their loan level price adjusters. Some of the pricing adjuster's changes are improving and others are worsening. Due to this announcement our Oakmont Investor is updating their adjusters effective Friday August 8th, 2008. Listed below are some of the adjusters that will be replacing the FICO and Cash Out adjustments currently listed on the rate sheet. These new adjusters will be effective for all new locks submitted after end of business today.
| LTV/Credit Score LLPAs - Terms > 15 years | ||||||||
|
| <=60% | 60.01-70% | 70.01-75% | 75.01-80% | 80.01-85% | 85.01-90% | 90.01-95% | 95.01-97% |
| >=740 | 0.250 | 0.000 | 0.000 | 0.000 | 0.000 | 0.250 | 0.250 | 0.250 |
| 720-739 | 0.250 | 0.000 | 0.000 | (0.250) | 0.000 | 0.250 | 0.250 | 0.250 |
| 700-719 | 0.250 | (0.500) | (0.500) | (0.750) | (0.500) | (0.250) | (0.250) | (0.250) |
| 680-699 | 0.000 | (0.500) | (0.500) | (1.000) | (0.500) | (0.250) | (0.250) | (0.250) |
| 660-679 | 0.000 | (0.500) | (1.250) | (1.750) | (1.500) | (1.000) | (1.000) | (1.000) |
| 640-659 | 0.000 | (0.500) | (1.750) | (2.250) | (2.000) | (1.500) | (1.500) | (1.500) |
| 620-639 | 0.000 | (0.750) | (2.500) | (2.750) | (2.750) | (2.250) | (2.250) | (2.250) |
| <620 | 0.000 | (0.750) | (2.750) | (2.750) | N/A | N/A | N/A | N/A |
| Cash Out Refinance (Cumulative to other LLPAs) - All Terms | ||||||||
|
| <=60% | 60.01-70% | 70.01-75% | 75.01-80% | 80.01-85% | 85.01-90% | 90.01-95% | 95.01-97% |
| >=740 | 0.000 | 0.000 | 0.000 | (0.250) | (0.375) | (0.375) | N/A | N/A |
| 720-739 | 0.000 | (0.125) | (0.125) | (0.500) | (1.000) | (0.500) | N/A | N/A |
| 700-719 | 0.000 | (0.125) | (0.125) | (0.500) | (1.000) | (0.500) | N/A | N/A |
| 680-699 | 0.000 | (0.250) | (0.250) | (0.875) | (2.000) | (1.500) | N/A | N/A |
| 660-679 | 0.000 | (0.250) | (0.250) | (1.000) | (2.000) | (1.500) | N/A | N/A |
| 640-659 | 0.000 | (0.750) | (0.750) | (1.750) | (2.500) | (2.000) | N/A | N/A |
| 620-639 | 0.000 | (0.750) | (0.750) | (2.250) | (2.500) | (2.000) | N/A | N/A |
| <620 | 0.000 | (1.750) | (1.750) | (2.750) | N/A | N/A | N/A | N/A |