"We introduced RefiNow earlier this year as an option for lower-income homeowners who often miss out on refinancing options to reduce their monthly mortgage payments and increase their potential monthly savings. The enhancements we announced today help expand the reach of RefiNow to additional creditworthy homeowners, further enabling equitable and sustainable access to homeownership," said Malloy Evans, Executive Vice President and Head of Single-Family, Fannie Mae.

About Fannie Mae
Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of people in America. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit:
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Fannie Mae - Federal National Mortgage Association published this content on 18 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 October 2021 19:11:02 UTC.