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Old 08-13-2009, 10:44 AM
Mike Kennedy's Avatar
Mike Kennedy Mike Kennedy is offline
 
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Location: Southern Hudson Valley
State: New York
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Default 08/13/2009 FHFA: F&F Refi's Volume on the Rise

Federal Housing Finance Agency Report Shows Refinance
Volumes on the Rise for Fannie Mae and Freddie Mac
More than 2.9 Million Loans Refinanced
Washington, DC – Fannie Mae and Freddie Mac refinanced more than 2.9 million mortgage
loans in 2009 through July of this year. Since the inception of the Making Home Affordable
Refinance Program (HARP) in April, Fannie Mae and Freddie Mac refinanced almost 1.9

million mortgage loans through July.


“This report shows that more than 190,000 homeowners that are current in their mortgage

payments have been assisted through the GSE streamlined refinance process,” said Lockhart.

Importantly, over 60,000 borrowers with mortgage loans that exceed 80 percent of the house

value up to 105 percent have been refinanced.

Under HARP, borrowers whose loan-to-value (LTV) ratio is above 80 percent up to 105
percent are able to refinance without added mortgage insurance requirements, a previous key

barrier to refinancing.

http://www.fhfa.gov/webfiles/14764/F...iRpt81309F.pdf
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Last edited by Mike Kennedy : 08-13-2009 at 10:56 AM.
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Old 08-13-2009, 10:54 AM
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Mike Kennedy Mike Kennedy is offline
 
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Default

GSE "streamlined refi" - see Page 10 for Appraisal requirements

https://www.efanniemae.com/sf/guides.../2007/0724.pdf
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