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Media: News Releases > Fannie Mae Implementing New Loan-to-Value Ceiling for Home Affordable Refinance Program

August 29, 2009

If you need to refinance [an arm] and your loan is worth more than the current home value – this is Fannie’s Fix:

<cite>Media: News Releases > Fannie Mae Implementing New Loan-to-Value Ceiling for Home Affordable Refinance Program</cite>: “

News Release July 1, 2009 Fannie Mae Implementing New Loan-to-Value Ceiling for Home Affordable Refinance Program;Loans Eligible for Delivery September 1WASHINGTON, DC — Fannie Mae (FNM/NYSE) announced today that the company is providing information to servicers regarding changes to the Home Affordable Refinance Program (HARP) that permits refinancing of existing Fannie Mae loans with loan-to-value (LTV) ratios up to 125 percent. The loans will be eligible for delivery on or after September 1, 2009.

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