Fannie Mae no longer requires lenders to establish an escrow account on a cash-out refinance when non-delinquent property taxes are financed as part of a limited cash-out refinance transaction. This is great news for those of you looking to refinance and do not want an escrow account!
Related Article Title: Fannie Mae Selling Guide Announcement SEL–2020-03 – Dated June 3, 2020 Written by: Lloyd Rutherford, Staff Writer This bulletin is FULL of important updates. Make sure that you read through the various changes that may apply to your business. Rule Synopsis: Fannie Mae is updating their selling guide for a variety of […]