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6 kwi 2022 · In coordination with Freddie Mac and under the guidance of FHFA, Fannie Mae introduced the RefiNow refinance option that provides expanded eligibility to benefit borrowers at or below 100% of the area median income (AMI) limit and helps more borrowers take advantage of the current lower interest rate environment. RefiNow requirements
“Freddie Mac and Fannie Mae have adopted a new refinance option for loans to borrowers with incomes at or below 100% of Area Median Income and you may be eligible to take advantage of this program.
We’ve been listening to your feedback and are excited to share the newest version of the Single-Family Seller/Servicer Guide. Please take a few minutes to watch a short training video.
Freddie Mac uses the Loan Prospector (LU) system and Fannie Mae the Desktop Underwriter (DU) system. Fannie Mae uses the tradename Refi Plus to process the loans under the HARP program, differentiating between the manual Refi Plus and the automated DU Refi Plus.
7 wrz 2021 · New refinance loans from Fannie Mae and Freddie Mac may help make lower-income homeowners' mortgage payments more affordable.
31 sie 2023 · While Fannie Mae’s DU Refi Plus program may be a relic of the past, understanding its features vis-à-vis the High-LTV Refinance can offer insights. The DU Refi Plus was also designed to help borrowers with high LTV ratios, but its specific terms, advantages, and limitations differed.
With the new Freddie Mac Refi PossibleSM Mortgage offering, homeowners can benefit from refinancing to reduce their monthly mortgage payment and build long-term wealth. This offering creates more equitable opportunities by making it easier for homeowners in low-income brackets to refinance their Mortgages.
