Fannie Mae – Divorced Client-Refinance Type: If a borrower is on the title but not on the loan and wants to refinance the property assigned to her in the divorce, is this a rate/term or cash-out? [Divorce Chart]

Answer: Follow the highlighted text below. You should be able to do a limited cash-out refinance on this loan even if she has not been on title. Fannie Mae got rid of their ‘continuity of obligation’ rules a couple years ago. Reference: B2-1.2-02, Limited Cash-Out Refinance Transactions (02/27/2018) Introduction This topic contains information on limited […]

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