The Freddie Mac Relief Refinance MortgageSM – Open Access supports the federal Making Home Affordable Program by helping borrowers who are making timely mortgage payments but have been unable to refinance due to declining property values. With this offering, you can refinance more borrowers, even if you're not currently servicing the mortgage.
With flexibility that allows LTV ratios up to 125 percent, relief from standard mortgage insurance, the ability to add or delete borrowers for a variety of reasons, and the ability to submit through Loan Prospector®, you can refinance more borrowers into mortgages that better position them for long-term homeownership success.
