James Lockhart

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GSEs Look to Follow FHA’s Lead on Streamlined Refis 

Dec 11, 2008By

In a twist of fortune, it appears the GSEs are — for once — looking to follow the lead of the Federal Housing Administration, with their regulator hinting Wednesday afternoon that a plan to allow for streamlined refinancings is under consideration at both Fannie Mae [stock FNM][/stock] and Freddie Mac [stock FRE][/stock]. In particular, the GSEs are considering a plan to allow some borrowers to refinance without the use of an updated appraisal.

3d rendering of a row of luxury townhouses along a street

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