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Good morning,
Effective June 28, 2024, Fannie Mae’s HFA Preferred is no longer available in the HTH TBA Program or the standard TBA Program. And effective June 28, 2024, Fannie Mae is only available with the standard Bond Program and the HTH Bond Program. Fannie Mae’s HFA Preferred is no longer an option in the reservation system under the standard TBA or HTH TBA Programs so Lenders cannot reserve Fannie Mae under our TBA Programs.
However, Lenders are still originating Fannie Mae standard and HTH TBA loans in their LOS and AUS and delivering them to Lakeview for purchase. These loans cannot be purchased. Pay attention to the loan type and program being reserved and the loan type and program in your LOS and AUS.
It is also very important to note that Freddie Mac loans MUST use LPA and not DU. If a Lender runs DU instead of LPA on a Freddie Mac loan, the loan cannot be purchased.
Thank you for your continued support of the Florida Housing Homebuyer Loan Program.
Charles White
Homebuyer Loan Program Director
Charles.white@floridahousing.org
Sandy Smith
Homebuyer Loan Program Manager
Sandy.smith@floridahousing.org
Homeownership Loan Program Team
dpa@floridahousing.org
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