Tag: Limited cash-out

Waiting Period to Refinance a Property when Adding Parties to a title – Fannie Mae

Question: What is the waiting period on a refinance if the father is solely on the loan & title and the daughter wants to be added to the title in order to refinance the home into her name? They are not seeking cash-out, just a rate and term refinance. Answer: There is no waiting period […]

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Fannie Mae – Desktop Underwriter/Desktop Originator Release Notes DU Version 10.2 September Update – Dated July 24, 2018 – Effective September 22, 2018.

Written By: Lloyd Rutherford, Staff Writer This is a big update with a lot of information on Fannie Mae’s new Higher LTV refinance option, and DU messaging for income and employment. Rule Synopsis: Fannie Mae announces the newest DU Version Update for Version 10.2. The changes announced will be eligible for casefiles submitted or resubmitted […]

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Fannie Mae Lender Letter LL-2018-02-High Loan to Value Refinances – Dated May 22, 2018-Effective November 1, 2018 [UPDATED Chart-Fannie Vs. Freddie Super Conforming Chart]

By: Lloyd Rutherford, Staff Writer In anticipation of the phase-out of DU Refi Plus and Refi Plus, Fannie Mae is announcing a High Loan-to-Value Refinance Option.  This update is important for any Fannie Mae lender to read. Rule Synopsis: Fannie Mae updates LTV parameters for the new high-LTV refinance option that will be used to […]

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