Profile picture for yaarrabba

Need help with refinance

I am looking to refinance my loan under HASP Freddie Mac's new Open Access refinance. My loan was with TB&W but now its with cenlar. Cenlar says that they don't originate loans but Freddie Mac's website keep saying talk to your lender. Recently I found Relief Refinance on their website. http://www.freddiemac.com/singlefamily/news/newsletter/2009/07/relief.html. I was wondering are there any lenders out there participating in this relief refinance - open access.
  • October 29 2009 - Frederick
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Answers (3)

Profile picture for Ken Kopper
Yaarrabba, sorry it took me so long to respond to your last comment. Freddie Open Access program will only allow for loans without MI. I am looking into how the TBW loans are being handled here as lonas with MI must be taken back through their current servicer and unfortunately in your case Cenlar is not originating.

Care to post your loan scenario as perhaps there may be other options?

1. Current loan amount
2. Estimated property value
3. Current loan program and rate
  • October 30 2009
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Profile picture for yaarrabba
Yes. I found out my loan is with MI. Is there any hope?
  • October 29 2009
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Profile picture for Ken Kopper
Yaarrabba, I have an investor that is offering Open Access for Freddie loans. Have you confirmed through Freddie's site that your loan is indeed a Freddie loan?
  • October 29 2009
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