ATTENTION ALL FHFC LENDING PARTNERS

FHFC will cease taking new reservations for all Fannie Mae HFA Preferred loans in our TBA programs effective June 28^th. This will include Hometown Heroes TBA when we relaunch that program on July 1^st. The only HFA Preferred Loan options available beginning June 28th will be in the Bond issues (both regular and HTH). Fannie Mae has mandated that we make this change and Florida Housing has complied.

The Freddie Mac HFA Advantage will continue to be available for all of our programs. The interest rate we have been able to offer for HFA Advantage has been consistently lower and remains the best option for your conventional borrowers. As a reminder, always run Freddie loans through LPA only, not DU.

Also, the upfront 1% Origination charge may no longer be charged on the standard TBA Program effective June 3^rd. Lenders will instead be compensated 2.5% at loan purchase. Any loans delivered in which the 1% Origination was charged will require a principal reduction to the first prior to purchase.

P.S this change does not impact your ability to use DU or LP for your AUS findings for Government Loans.

Thank you,

Homeownership Loan Program Team 

dpa@floridahousing.org