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Fannie Mae relaxes standards slightly to allow for 3% down refinances – Fannie Mae did more Monday than just announcing that it planned to grant lenders “freedom” from. one-unit limited cash-out refinance transactions that are underwritten by Fannie Mae’s Desktop.
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Freedom Mortgage found guilty of defrauding homeowner – The fees charged to Major by Freedom Mortgage to refinance the loan were to be rolled into her loan, which would have increased the mortgage amount from roughly $341,500 to $354,005.
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