Bulletin 2022-017 Freddie Mac Refi Possible Enhancements

Freddie Mac Refi Possible Enhancements

Newrez Approved Correspondent Clients: Effective Monday, January 31, 2022, Newrez will align with the below enhancements in Freddie Mac Bulletin 2021-33.


Eligibility for Refi Possible has been expanded by:


  • Increasing the borrower income limit to allow up to 100% of the applicable AMI limit; and
  • Eliminating the maximum loan seasoning requirement of 120 months. The minimum 12-month seasoning requirement will continue to apply.


Loan Product Advisor will determine the income eligibility of the mortgage using the income submitted to Loan Product Advisor and used to qualify the Borrower.


Loan Product Advisor will not assess the Seasoning Requirements. Correspondent Client is responsible for ensuring the Mortgage is seasoned for at least 12 months as of the Note date of the Refi Possible Mortgage (i.e., the Note date of the Mortgage being refinanced must be at least 12 months prior to the Note Date of the Refi Possible Mortgage).