When is the cash adjustor for Relief Refinance Mortgages with LTV ratios greater than 105 percent applied?
The cash adjustor amount for a particular mortgage is determined as of the commitment “accept” date and Freddie Mac will net that amount against the cash proceeds paid for the mortgage. It is up to the Seller to factor in the cash adjustor amount and any applicable delivery fees at the time of commitment. At delivery, your net price will reflect all of the applicable delivery fees and the cash adjustor. The cash adjustor is not included in the delivery fee cap for Relief Refinance Mortgages and must be accounted for separately.
Related Questions
- Where do I find the cash adjustor value required for Relief Refinance Mortgages with LTV ratios greater than 105 percent that are sold to Freddie Mac for cash?
- How do I deliver Relief Refinance Mortgages with LTV ratios greater than 105 percent under the Guarantor execution?
- When is the cash adjustor for Relief Refinance Mortgages with LTV ratios greater than 105 percent applied?
