Skip to Page Content | Skip to Site Navigation | Skip to Section Navigation

Quarterly Update to the Multifamily Refinance Test

May 23, 2013

Freddie Mac Multifamily is providing our quarterly update to the Refinance Test, reflecting the quarterly update of market and interest rate information. All parameters and settings remain the same.

New Test Now Available – Required for New Loans
Effective June 1

  • The new version of the Refinance Test is required for new deals as of June 1, 2013.
  • The current version [dated February 11] of the Refinance Test will continue to apply to all loans that are under application with the Seller/Servicer (money up) and are rate locked by June 28.
  • Both versions of the refinance test will remain available until June 28 on our Multifamily Refinance Test page, which is available through a Quick Link on the Originate
    & Underwrite page.

Using the Results of the Refinance Test

As always, when a loan does not pass the test, this is simply an indicator for you to discuss the parameters sooner with your underwriter. It does not necessarily mean Freddie Mac will not buy
the loan.

Resources for Your Reference

See our Refinance Test Customer Tutorial in the Originate & Underwrite Program Plus Resources section of our website for additional guidance on the use of the test and evaluation of
its results.

Back to Top