Freddie Mac Releases New Mortgage Refinance and Underwriting Requirements

Freddie Mac believes that its new seller/servicer guide for mortgage refinancing and underwriting clearly indicates the government-controlled GSE’s new commitment to responsible lending[1]. The new guidelines will come into effect for refinance mortgages with settlement dates on or after May 1, 2011, and include a total elimination of the streamlined refinance mortgage. Currently, streamlined re-fis […]