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Fannie Mae and Freddie Mac have just released details on how they will handle refinance transactions authorized by the Home Affordable Refinance Program. The complete details of both programs can be found by accessing the program guides from Fannie Mae and Freddie Mac, but we will discuss some of the highlights below.Even though this legislation has passed - all lenders are not all required to participate. For right now, your very first step is to contact a mortgage professional, and get information as to their participation. They can tell you if your loan is owned by Fannie Mae or Freddie Mac.In the case … (5 comments)
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