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7 sie 2019 · Refi Plus and Refi Plus whole loans must be purchased by Fannie Mae on or before September 30, 2019 or must be delivered into MBS pools with issue dates on or before September 1, 2019. Appraisal Waiver Eligibility
Fannie Mae’s Refi Plus initiative offers refinancing flexibility to eligible borrowers who are current on their loans and whose loans are owned or guaranteed by the company and meet certain additional criteria.
Updates to Eligible Existing Loan Requirements for DU Refi PlusTM Mortgage Loans. Fannie Mae is updating the eligibility requirements for mortgages with certain types of credit enhancement or mortgage insurance coverage for DU Refi Plus mortgage loans.
5 maj 2021 · The changes in this release will apply to DU Version 11.0 loan casefiles submitted or resubmitted to DU on or after the weekend of June 5, 2021. Aug. 2, 2021: These release notes have been updated to clarify that existing loans with Enterprise Paid Mortgage Insurance are eligible for RefiNow.
31 sie 2023 · The Fannie Mae High-LTV Refinance Option emerges as a strategic pathway for homeowners, especially those with limited equity, seeking improved loan terms. Central to this proposition is its design to cater to high Loan-to-Value (LTV) ratios, which traditionally pose a perceived risk.
Each loan must fully comply with all terms FNMA Guide requirements unless otherwise specifically noted above. Clients with access to AllRegs can access the entire Fannie Mae Seller Guide.
PRODUCT DESCRIPTION First lien, fully amortizing, Fannie Mae Conforming DU Refi Plus; fixed rate only. The existing mortgage MUST be a Fannie Mae owned or guaranteed first lien mortgage. DU findings must indicate that the borrower and subject property address are DU Refi Plus eligible.
