More than 626,000 borrowers refinanced their Fannie Mae or Freddie Mac mortgage loans in the third quarter, with 15,597 refinanced through the Home Affordable Refinance Program, the Federal Housing Finance Agency said yesterday.
Mortgage borrowers with high loan-to-value ratios will soon have a new refinance option through Fannie Mae and Freddie Mac, the Federal Housing Finance Agency announced today.
The Federal Housing Finance Agency will announce within the next month whether it will implement a limited principal reduction program for underwater borrowers with mortgages backed by Fannie Mae and Freddie Mac, FHFA Director Mel Watt said today.