August 1, 2014 -- As we promised you this spring at the DUS Meeting, the new initiatives and process improvements just keep on coming! I’m excited to announce that we’re rolling out a new Targeted Refinance initiative that empowers DUS Lenders to proactively seek opportunities to refinance and retain high-performing loans.
This retention strategy draws upon the collective Fannie Mae and DUS Lender knowledge of Borrowers and Properties and provides the Lender with increased delegation to negotiate the structure of the transaction within broad credit risk tolerances. Deal Teams are reviewing targeted performing loans eligible for prepayment through the next 24 months now, and will begin working with Lenders to provide recommendations on loans to refinance by the end of September,
We’re continuing to deliver F.A.S.T Forward results. Here are the F.A.S.T. benefits of the Targeted Refinance process:
If you have any questions about how you can benefit from Targeted Refinance, please reach out to Hilary Provinse, Phyllis Klein, or your Deal Team.