Assistant Secretary for Housing-Federal Housing Commisioners

A matrix comparing rates and terms, streamlined with and without appraisals, is provided in the attachment to this Mortgagee Letter. Underwriting requirements for rate-and-term and streamline refinances appear on the following pages; underwriting and eligibility requirements for cash-out refinances remain in ML 2005-43. Please note that in every example below, the loan amount before … ................
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