Fannie Mae issued a modified Lender Letter LL-2021-10, to update RefiNow requirements related to eligible subordinate financing, borrower’s payment history, and base income documentation. The updated requirements are effective immediately.
Click to view the Fannie Mae Lender Letter LL-2021-10: https://www.tenaco.com/wp-content/uploads/2021/06/Update-to-Fannie-Mae-Lender-Letter-LL-2021-10-06-16-21.pdf
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