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Announcement # 2018-52 SMARTSERIES Update

Announcement # 2018-52

Date: August 29, 2018

SMARTSERIES Update

SMART SERIES Update
Effective immediately the qualifying rate for non-interest only 7/1 and 10/1 adjustable rate mortgages are being updated to reflect the use of the fully indexed rate. The applicable product profiles have been updated. Please refer to the New Penn Financial National Correspondent Division’s Product Matrices for specific details.