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New Fannie Mae Refi Plus
Mortgage Refinancing Program
    
To help borrowers take advantage of lower mortgage rates, Fannie Mae is improving it's Refinance Program.
 
    
 Fannie Mae will be able to identify an existing FNMA loan and review the performance history under it's expanded Refi Plus Program. This will allow lenders, regardless of the servicer, to enjoy expanded refinancing business opportunities and streamlined processing. FNMA will also implement underwriting flexibilities for FNMA owned, refinanced loans, including expanded eligibility criteria. In addition, FNMA will expedite the refinancing process for FNMA owned loans by, under certain conditions, leveraging FNMA automated risk assessment capabilities to validate the current market values in lieu of traditional appraisal or property inspection requirements.
 For more information, call Fannie Mae at 1-800-732-6643
More to follow…
    
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