2012-09-17mortgagenewsdaily.com

``Earlier this week Acting Director of the Federal Housing Finance Agency (FHFA) released new requirements which granted relief from reps and warrantees to lenders when a purchase money mortgage had established a 36 month record of on-time payments or when Fannie Mae's Refi Plus and DU Refi Plus loans had established 12 months of on-time performance. In this latest Selling Guide Announcement Fannie Mae expanded this relief for both types of Refi Plus loans to include a relaxing of appraisal rules.''


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