FHFA Announces Changes to Low Income Refi Programs and Appraisal Requirements
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.
Related Posts
Rodney E. Hood Announced as Acting Comptroller of the Currency
The U.S. Department of the Treasury has announced the appointment of Rodney E. Hood as Acting Comptroller of the Currency.
Mortgage Delinquencies Increase in the Fourth Quarter of 2024
The delinquency rate increased to a seasonally adjusted rate of 3.98% in the fourth quarter of 2024, according to MBA’s National Delinquency Survey.