Page 4 - Fannie Mae Refinow News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Call Center, CD, AE Jobs; Referral, Non-Agency, Warehouse Products; Agency Changes; Rates Take a Breath

Call Center, CD, AE Jobs; Referral, Non-Agency, Warehouse Products; Agency Changes; Rates Take a Breath
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Fannie Mae Updates RefiNow Guidelines | Weiner Brodsky Kider PC

To embed, copy and paste the code into your website or blog: On June 16, 2021, Fannie Mae released an updated version of Lender Letter (LL-2021-10) detailing the terms of the RefiNow program for certain refinance loans, which has been available for loans with application dates beginning on June 5, 2021. Fannie Mae’s RefiNow program offers expanded eligibility and lender incentives to help certain low-income borrowers take advantage of the current low interest rate environment by refinancing their existing Fannie Mae-backed loans. The June 16 changes to the Lender Letter, which was initially published on May 5: (1) provide for existing subordinate financing to be simultaneously refinanced as part of a RefiNow transaction; (2) provide for borrowers who have resolved missed payments as a result of a COVID-19 forbearance to be eligible for a new RefiNow transaction; and (3) clarify the paystub requirements.

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Better Mortgage Lender Review 2021: Easy Online Preapproval

Better Mortgage Lender Review 2021: Easy Online Preapproval
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Homeowners previously in COVID mortgage forbearance can qualify for low-income refinance – here s how

Homeowners previously in COVID mortgage forbearance can qualify for low-income refinance â here s how By Kelsey Ramirez article Fannie Mae s low-income refinance program is now available to more homeowners after the lender expanded the program to include those who skipped payments due to COVID-19 forbearance. (iStock) In early June, Fannie Mae and Freddie Mac rolled out a new low-income refinance option for homeowners that would save them an estimated $100 to $250 per month. Now, Fannie Mae released an update to the program that will allow homeowners who were in COVID-19 forbearance to take advantage of the refinance option as well. In a

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New American Funding Offers RefiNow Option for Borrowers with Lower Income

New American Funding Offers RefiNow Option for Borrowers with Lower Income
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