General World News

Fannie Mae clarifies ARM interest rate, ups cash-out refi term on manufactured homes

The Fannie Mae February Selling Guide has a series of updates, including the expansion of value acceptance and property data appraisal waivers to condominiums, cash-out refinance allowances for manufactured homes, and updates to credit references and certain definitions.

Following up on a March 2023 update that first announced value acceptance and property data as a substitute for traditional appraisals on certain single-unit properties, the new Selling Guide expands this data to cover condos.

On Dec. 1, 2023, the jointly development Uniform Property Dataset (UPD) for the government-sponsored enterprises (GSEs) became details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com