Jeff Taylor quoted in The Mortgage ReportsMay 24, 2021
Jeff Taylor, Co-Founder and Managing Director at Mphasis Digital Risk was quoted in themortgagereports.com in the article titled “FHFA’s new refinance could save low-income borrowers $2,000-$3,000 per year”
As per the new initiative from the Federal Housing Finance Agency (FHFA), low-income borrowers with Fannie Mae- or Freddie Mac-backed loans will soon be eligible for reduced-cost refinances that lower their monthly payments and their interest rate considerably. Jeff commends this to be a very homeowner-friendly move that should help people stay in their homes and give them more financial breathing room. The money saved by refinancing can be used to help those who have experienced a job loss or some financial impairment since the start of the pandemic.
Read the full article here