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Maximize your refi programs for lower-income borrowers.
Fulfill your CRA obligations with new Fannie Mae and Freddie Mac refi programs.
New options for low-income borrowers who want to refinance
- Fannie Mae RefiNow and Freddie Mac Refi Possible are aimed at lower-income homeowners who have not taken advantage of record-low interest rates to refinance their mortgages.
- Lenders are required to reduce the borrower’s monthly payment by at least $50 and the interest rate by 50 bps.
- Borrowers must meet eligibility requirements, which include having income that is no more than 80% of local area median income (AMI).
Prescreens: Find the right consumers for niche refi programs.
| New options for low-income borrowers who want to refinance We can help you confidently reach out to those consumers with credit profiles that meet your criteria and the requirements of Fannie Mae RefiNow and Freddie Mac Refi Possible through Equifax Prescreen, which will maximize your marketing ROI and minimize the time spent processing and underwriting those who won’t qualify. What is Equifax Prescreen? Prescreen works by delivering a list of valuable, preapproved consumer prospects, tailored to your specific credit profile criteria and quality assured by a proven Equifax process. |