Comment Detail
Date: 10/12/21 First Name: Stephanie Last Name: Whiting Email: swhiting@masonmac.com Organization Type: other Organization: Mason McDuffie Mortgage Corporation Comment
The new RefiNow and RefiPossible for low income, 80% of AMI with high DTIs should allow us lenders to refinance clients from FHA loans as well. Leaving this clients in the dark without the option of removing mortgage insurance, when DU or LP just doesn't like their profile, even though they have 20% (from appraisal completion), 40% DTI, and a mid score of 672.
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