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Updated requirements related to refinance transactions, including a 30-day seasoning requirement for “no cash-out” refinance Mortgages and flexibility for cash-out refinance Mortgages when none of the Borrowers have been on the title for at least six months. Extensions for certain key dates regarding age of tax return requirements.
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.
9 sty 2023 · The updated guideline requires that the first-lien mortgage being refinanced (as part of a cash-out refinance) be seasoned for at least 12 months, as documented by the credit report or title commitment.
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 · When the existing loan is eligible to be refinanced using the RefiNow refinance option, DU will determine if the new loan meets the RefiNow eligibility requirements. If the new loan includes any of the features below that are not eligible with the RefiNow
Refi Possible provides expanded flexibilities to encourage borrowers to refinance into a more sustainable mortgage that promotes long-term homeownership success. With expanded eligibilities, Refi Possible
With newly expanded eligibility requirements for Freddie Mac Refi Possible℠, you will soon be able to help even more low- and moderate-income borrowers refinance their existing mortgages.
