Radian’s GSE Refinance Modification Program
Supporting Fannie Mae's High LTV Refinance Option and Freddie Mac's Enhanced Relief Refinance℠ programs
Effective December 31, 2018 Radian will retire our HARP® Eligible Modification Program. Fannie Mae’s High LTV Refinance Option and Freddie Mac’s Enhanced Relief Refinance programs will replace HARP. The new GSE refinance programs will continue to assist existing homeowners with performing loans who do not qualify for standard refinance programs due to high loan-to-value ratios.
Radian is a proud partner in the effort to help responsible homeowners keep their homes and will support the new GSE programs for eligible refinance applications dated on or after November 1, 2018. We have assembled many of the details below that you need to expedite the submission process. Choose the appropriate tab for more information on Radian's policy and requirements. Contact us for more information about this program.
For submission requirements and instructions for non-performing loan modifications, refer to our Servicing Guides.
- Refinances Closed on or after 1/1/2019
- Refinances Closed prior to 1/1/2019
|Eligible for Fannie Mae High LTV Refinance Option or Freddie Mac Enhanced Relief Refinance||Servicer||Radian Guidance||Certificate||MI Rate Factor/Coverage Percentage||Documentation Required|
|Yes||Same/New||GSE Refinance Modification Program Policy||Certificate of Insurance Endorsement for Loan Modification||Original rate factor and coverage percentage||Notification of Mortgage Insurance Modification|
|No||Same/New||Current published Underwriting Guidelines||New Certificate of Insurance||Current published rate factor and requested coverage percentage||Loan application requirements as per Radian’s standard delegated and non-delegated submission methods|