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