Program guidelines. Fannie Mae Streamline Refinance Programs. Freddie Mac and Fannie Mae offer fixed rate programs that allow borrowers to refinance to. The Fannie Mae version is called DU Refi Plus. For the current HARP program now. HARP Refinance Q&A. Around that President Obama waived refi requirements.

Fannie Mae is tackling the Home Affordable refinancing program with RefiPlus and DU RefiPlus. One of these could be your ticket to a quick and affordable mortgage refinance-but only if you qualify. President Obama ushered in his Home Affordable mortgage refinance concept earlier this year to help homeowners take advantage of historically low mortgage rates.

The concept, as designed by the administration, then had to be implemented by the two mortgage government-sponsored enterprises (GSE), Fannie Mae and Freddie Mac. Fannie's implementation of Home Affordable involves two streamlined processes known as RefiPlus and DU RefiPlus. Fannie Mae Mortgage RefiPlus, DU RefiPlus The difference between RefiPlus and DU RefiPlus is relevant only to mortgage industry insiders. Econometrics Fumio Hayashi Djvu Download. The Refi Plus program involves manual underwriting of same-servicer mortgages, while DU Refi Plus involves the use of an automated underwriting system called Desktop Underwriter.

Snow Leopard Vmdk And Darwin_snow Isotope. What's important to homeowners, though, is that Fannie Mae's Home Affordable programs are designed to get the mortgage refinance done fast. The details relevant to interested homeowners include the following: • There's no 'seasoning' required on the existing. Seasoning refers to the length of time the homeowner has been servicing the loan. • There's no minimum credit score required, although the homeowner must provide a credit score for pricing purposes. • When the borrower doesn't have mortgage insurance on the existing mortgage, then none will be required on the new mortgage refinance.

If the borrower currently has mortgage insurance, the same insurance level will be required on the new mortgage refinance. • The mortgage refinance amount can be as high as 105 percent of the home's value. Kturtle For Windows. Translating this into mortgage lingo, the maximum loan-to-value is 105 percent. • The existing mortgage must be a Fannie Mae loan.