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Below is the link to Fannie Mae’s New Home Affordable Refinance Program that came out today. This will allow borrowers to refinance up to 105%

Looks pretty agressive but we are waiting on further details. It looks as though there will be no adjustments to rate for high fico borrowers. We will know more in the upcoming days.

Take a look

https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2009/0904.pdf