Mortgage regulator to loosen refinance restrictions for home loans in forbearance
The Federal Housing Finance Agency is making it easier to refinance your mortgage after being in forbearance.
Fannie Mae
FNMA,
+5.65%
and Freddie Mac
FMCC,
+4.97%
have issued temporary guidance stipulating that borrowers will be eligible to refinance or buy a new home if they are in a forbearance agreement, but are also current on their mortgage, the FHFA said Tuesday.
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