I’m afraid the new Loan Level Pricing Adjustment (LLPA) for 2023 are going to cause a lot of problems in the next couple months.

There is a whole new adjustment based on a buyers total Debt-To-Income (DTI) ratio. So if a buyer’s DTi is at 39% when they apply for their loan and lock their interest rate, then their DTI goes to 41%, the pricing on the loan will likely change. (Either interest rate or lender fees.)

That would trigger a new disclosure from the lender which would trigger restart a disclosure clock.

Here is a video with more information:

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