Cash-Out Refis Play Hard to Get
March 18, 2009 
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By Jerry Ascierto HousingFinance.com Fannie Mae and Freddie Mac are getting tough on cash-out refinancings for multifamily borrowers. The government-sponsored enterprises (GSEs) are changing the way they underwrite cash-out refis, with Freddie Mac announcing stricter terms in January and Fannie Mae expected to tighten up in the coming days. A cash-out refinancing—when a property is [...]
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