Fannie Mae and Freddie Mac late Tuesday afternoon released a somewhat detailed bulletin on the underwriting guidelines for refinancing underwater borrowers with GSE loans, segmenting what's allowable based on the LTV and if the product is being offered by the current servicer.

The points charged on these loans vary from 75 basis points to 200, depending on the LTV and whether it's a 20- or 30-year loan.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.