GSEs Look to Follow FHA’s Lead on Streamlined Refis

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Meanwhile, profits shot up to $30.5 billion at Freddie Mac, though most of that came from tax benefits.Pre-tax income was $6.5 billion compared to $4.9 billion last year. It was the eighth straight quarter of positive earnings and the second most profitable quarter in.

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 · Close Look At HARP 2 Underwater Refi Rules. Julian Hebron | November 17, 2011.. HARP 2.0 clarified exactly which reps remain on the old loan file under Refi Plus (the more streamlined approach, used mainly for same-servicer refis), the lender must rep to basic standard reps on the original loan such as:. Since the automated appraisal is.

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In a twist of fortune, it appears the GSEs are — for once — looking to follow the lead of the Federal Housing Administration, with their regulator hinting Wednesday afternoon that a plan to.

How to Streamline Your FHA Mortgage It seems likely, although Lockhart did not specify details, that Fannie and Freddie are looking to follow the lead of the FHA in terms of making it easier for borrowers to refinance in certain.

On streamline refinances with an appraisal, Form HUD 92564-VC (Notice to Lender/Valuation Conditions) is required, but the Homebuyer Summary is not required. FHA does not require repairs to be completed (except for lead-based paint repairs) on streamline refinances with appraisals; however, the lender may

The FHA Streamline Refinance is a special mortgage product, reserved for homeowners with existing fha mortgages. fha streamline Refinances are the fastest, simplest way for FHA-insured homeowners to refinance their respective mortgages into lower interest rates.

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Mortgagee letter 2012-4 also covers the decrease in MIP for streamlined refis for existing FHA loans that have been endorsed on or before May 31, 2009. It’s not the closing date and it could.

GSEs Look to Follow FHA’s Lead on Streamlined Refis Posted in FHFA , GSEs , by NAR Staff on December 15, 2008 From the Housing Wire , Fannie and Freddie are considering a change with regard to how "Streamlined Refi’s" are appraised: