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FHFA Announces Changes to Low Income Refi Programs and Appraisal Requirements

27 Oct FHFA Announces Changes to Low Income Refi Programs and Appraisal Requirements

Posted at 16:31h in Alerts by Alert team

Industry Update
October 19, 2021

Source: Mortgage Daily News

Both Fannie Mae and Freddie Mac (the GSEs) will be expanding their low-income refinance programs to include those making at or below 100 percent of an area’s median income (AMI). The threshold on the programs is currently at 80 percent of AMI.

 

For full report, please click the source link above.

 
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