GSE Announcement - Adverse Market

On August 12, the GSEs announced an Adverse Market LLPA of -0.50 on refinance transactions. MassHousing will be applying the -0.50 LLPA on refinance transactions effective with loans locked on or after Monday, August 17.

• Read the Fannie Mae Announcement
• Read the Freddie Mac Announcement

MassHousing remains open and will continue to provide mission-critical business during this unprecedented period of time. For additional details, view

• Announcement 2020.13: Adverse Market Refinance LLPA (August 14, 2020)
• Announcement 2020.12: New Income Limits & Forms; CU Risk Scores; COVID-19 Flexibilities; FHA Mortgage Insurance Certificates (June 18, 2020) - (revised 7/24/2020)
• Announcement 2020.11: MassHousing's response to updated guidance addressed in Fannie Mae Lender Letter 2020-03 and Freddie Mac Bulletin 2020-17 and 2020-19 (May 29, 2020)
• Announcement 2020.10: Response to Fannie Mae and Freddie Mac’s Updates and Extension to Flexibilities (May 13, 2020) - (revised 7/24/2020)
• Announcement 2020.09: Early Payment Default Due to COVID-19 (April 28, 2020)
• Announcement 2020.08: Updates on Conventional Loan Appraisal Flexibilities for Condo Projects and Acquisition Cost Limits (April 24, 2020) - (revised 7/24/2020)
• Announcement 2020.07: Closing/Pre-purchase Temporary Overlays - Temporary Employment/Income Requirements - Guidelines on Loans in Forbearance (April 9, 2020)