FHFA Announces New Refinance Option for Low-Income Families with Enterprise-Backed Mortgages

April 28, 2021

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FHFA announced that Fannie Mae and Freddie Mac will implement a new refinance program for low-income borrowers, RefiNow, which includes a waiver of the 50 basis point up-front adverse market refinance fee for borrowers with loan balances at or below $300,000.

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