Bulletin 2021-024 Home Possible Clarification

Home Possible Clarification

NewRez LLC "NewRez" Approved Correspondent Clients: please note effective immediately for Home Possible transactions, the current loan does not have to be owned by Freddie Mac for a Rate & Term Refinance when the LTV/CLTV is 95.01% to 97%.


The requirement for the existing loan to be owned by Freddie Mac still remains for 95.01% to 97% LTV/CLTV on HomeOne Rate & Term Refinances under the Freddie Mac Conforming Product Profile.