Wednesday, July 1, 2009

Fannie/Freddie Loan Refinancing Expanded to 125% LTV IF Borrowers Are Current on their Loans.

HUD press release is HERE.

Authorization from FHFA to Fannie/Freddie with example is HERE.

Loan Refinance eligibility page HERE had NOT yet been adjusted to reflect the 125% as of Wednesday 3 PM PDT--it still reads 105%. Check back tomorrow would be my advice.

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