An LLPA applies to all mortgages secured by manufactured homes that do not meet the MH Advantage requirements, whether delivered to Fannie Mae for whole loan purchase or MBS issuance. These LLPAs are in addition to any other price adjustments that are otherwise applicable to the particular transaction. For the current LLPAs, see the Loan-Level Price Adjustment (LLPA) Matrix.
For mortgage insurance coverage requirements, see B7-1-02, Mortgage Insurance Coverage Requirements.
All loans secured by manufactured homes must be delivered with SFC 235. Additionally, MH Advantage loans must be delivered with SFC 859. These codes are in addition to any other special feature codes that may apply.
The table below provides references to the Announcements and Release Notes that have been issued that are related to this topic.