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Exception for cash-out refinance Mortgages where none of the Borrowers have been on the title for at least six months. Based on Seller feedback, we have updated our requirements for cash-out refinance Mortgages when the property title has been held by a limited liability company (LLC) or limited partnership (LP).
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.
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
5 maj 2021 · Updated Aug. 2, 2021. During the weekend of June 5, 2021, Fannie Mae will implement an update to Desktop Underwriter® (DU®) Version 11.0, which will include the implementation of the RefiNowTM refinance option.
This segment includes requirements applicable to Servicing Freddie Mac Mortgages (Series 7000 through 9000).
1 lut 2023 · Feb. 1, 2023. The Selling Guide has been updated to include changes to the following: Cash-out refinance eligibility: implements new eligibility requirements for cash-out refinance transactions.
Eligibility/ Seasoning • Freddie Mac-Owned Mortgage. • Minimum 12-month seasoning requirement. • Minimum 30-day seasoning requirement.
