Tag: Second Lien

Refinancing to Combine First & Second Lien

Question: My client purchased a home and then took out a second lien to make some home improvements. They would now like to refinance to combine the first and second lien. Is this a Rate/Term refinance or a Cash-Out Refinance? MC – Refinance Loans – All Agencies Chart Answer: Fannie Mae and Freddie Mac agree […]

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Fannie Mae – Selling Guide Announcement SEL-2019-01 – Dated February 6, 2019

Written By: Lloyd Rutherford, Staff Writer Several selling guide updates were issued to clarify policy.  Read this article to stay up to date on those changes. Rule Synopsis: Fannie Mae is updating their selling guide for a variety of topics. This article will focus on the topics that benefit originators. The updates announced in this […]

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