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May 19, 2020

New FHFA Guidance Allows Borrowers In Forbearance To Access Record-Low Rates (National Mortgage Professional)

The Federal Housing Finance Agency has announced that Fannie Mae and Freddie Mac borrowers in forbearance can apply for refinancing and new purchase mortgages once their loans are current. It waives a previous mandatory wait of 12 months. That move allows faster access to record-low rates. Read the full story in National Mortgage Professional.