Fannie Mae Issues Statement on Refinance Option for High Loan-to-Value Borrowers
August 17, 2017
August 17, 2017
WASHINGTON, Aug. 17 -- Fannie Mae issued the following corporate statement:
Fannie Mae is pleased to work with the Federal Housing Finance Agency (FHFA) and Freddie Mac to make options available for borrowers to refinance into lower rate mortgages. The high loan-to-value (LTV) refinance option will provide refinance opportunities to borrowers with existing Fannie Mae mortgages who are making their mortgage payments on time, but whose LTV ratio for a new mortgage exceeds the maximum . . .
Fannie Mae is pleased to work with the Federal Housing Finance Agency (FHFA) and Freddie Mac to make options available for borrowers to refinance into lower rate mortgages. The high loan-to-value (LTV) refinance option will provide refinance opportunities to borrowers with existing Fannie Mae mortgages who are making their mortgage payments on time, but whose LTV ratio for a new mortgage exceeds the maximum . . .