Bulletin W13-080 - Update, LPMI Pricing Process
July 19, 2013
Topic included in Bulletin W13-080:
- Loans originated under the LPMI program must be manually priced when the loan falls into either of the following categories:
- Primary Residence Purchase or Rate/Term Refinance transactions between 95.01% and 97%
- Primary Residence Purchase or Rate/Term Refinance transactions with FICO <700
- This process only affects conforming loans amounts
- Process is temporary, once the pricing engine is updated a bulletin will be sent out
- Process is effective immediately
Download: Bulletin - W13-080 (PDF)
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