Tuesday, 22 June 2021 | The Latest Buzz for the Appraisal Industry

New GSE Refinancing Products Are Coming Soon

Fannie Mae and Freddie Mac have released details about the new refinancing options that they will be rolling out following an announcement last week from the FHFA.

Fannie Mae says its new RefiNow product will roll out beginning June 5, enabling homeowners earning at or below 80% of their area median income (AMI) to refinance at a lower interest rate and reduce their monthly mortgage payment.

“Lower-income borrowers typically refinance at a slower pace than

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