IndustryBy RISE Community editors
Freddie Mac lengthens manufactured housing cashout terms as Fannie eases QC sampling
Freddie Mac extended the maximum term for manufactured housing cashout refinances from 20 to 30 years, National Mortgage News reported.
Key facts
- Freddie Mac raised the longest term it allows on manufactured housing cashout refinances to 30 years, up from 20.
- Fannie Mae removed its fixed 10% minimum sampling requirement for prefunding and preacquisition loan-quality checks, mandatory July 1.
- Freddie Mac said it would align some forbearance and disaster-related loss mitigation servicing policies with Fannie Mae, effective May 1.
- Fannie Mae and Freddie Mac have accepted actual cash value roof policies on homes backing single-family loans since March 18.
- Fannie Mae accounted for about $3.5 trillion and Freddie Mac for nearly $3.06 trillion in outstanding mortgage-backed securities at the end of January.
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Read the original at National Mortgage News (opens in a new tab)
Source: GSEs ease prefunding rules, extend manufactured housing terms — National Mortgage News, April 6, 2026. Summary and commentary by RISE Community; read the full story at the source.
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