Fannie Launches Streamlined Refi Program, But Parameters May Be Too Narrow to Spark Surge
February 12, 2009
Fannie Mae announced a streamlined refinance program that will ease some of the documentation requirements for eligible loans processed through the company’s Desktop Underwriter system. The DU Refi Plus program, announced last week in a technology advisory to lenders, is designed to increase flexibility in underwriting standards to allow for the refinance of existing...