EFFECTIVE IMMEDIATELY: Adverse Market Refinance Fee on Conventional Refinance Loans

NOTICE TO ALL CUSTOMERS

In response to the newly released FNMA Lender Letter-2020-12 and FHLMC Guide Bulletin 2020-32, FLCBank will be implementing an additional Adverse Market Adjustment of 50 basis point (.500%) for all conventional no cash out and cash out refinances. This adjustment will be in addition to any other price adjustments (LLPAs) that are otherwise applicable to the particular transaction.

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AC-038_8-13-2020_EFFECTIVE IMMEDIATELY_Adverse Market Refinance Fee on Conventional Refinance Loans