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Freddie Mac Reduces Maximum Loan to Value
On March 1, 2011, Freddie Mac announced that it will be lowering its maximum loan to value. The reduction will be effective with all Freddie Mac conventional mortgages with a settlement date on or after June 1, 2011.
Maximum financing requirement lowered to 95% LTV/TLTV/HTLTV Only exception will be Relief Refinance Mortgages Home Possible Mortgages will also be reduced to 95% The change will not be overly impactful as mortgage insurance over 95% LTV is still difficult to obtain for conventional mortgages.
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