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

New Refinance Test Effective Today

December 1, 2015

We have posted a new Refinance Test which is effective for all new loans, except for Small Balance Loans, starting today, December 1.

Loans in process or under application that rate-lock prior to December 15 may continue to use the September 1 version of the Refinance Test. All other loans must use the updated version.

Changes this quarter include market and interest rate data changes that make the updated test slightly more restrictive than the previous test; no parameters were altered in this release.

Also new in this version, a field called "Default Spread or Stressed Spread?" has been added to the test. This is purely an optional feature and is not used in typical deals; it should not alter your use of the test.

To access the new Refinance Test, visit our Refinance Test and Resources page. Please contact your Freddie Mac Multifamily representative with any Refinance Test questions.

Back to Top