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DU Refi PlusTM to Streamline Mortgage Refinancing for Millions of Homeowners


Prepared for release this weekend, DU Refi PlusTM is expected to reignite the mortgage industry by loosening underwriting guidelines and allowing LTVs up to 105%. The combination of reduced documentation requirements, decreased credit score acceptability and historically low interest rates have formed the perfect storm to put the mortgage industry back on track.

Washington, D.C. ( April 3, 2009 -- Fannie Mae’s newest version of Desktop Underwriter®, DU Refi Plus™, will help homeowners by lowering their monthly mortgage payments, or by alleviating the possibility of foreclosure altogether. The simplified approach to underwriting within DU Refi PlusTM greatly reduces the required documentation, enabling lenders to generate additional mortgage refinancing. Coupled with historically low mortgage rates, DU Refi PlusTM can potentially benefit millions of American homeowners with this once-in-a-lifetime mortgage refinancing opportunity.

While encouraged to reduce the monthly principal and interest payments for existing homeowners, lenders are also obligated to make an effort to provide a more permanent product for their borrowers, such as replacing an adjustable-rate mortgage (ARM) with a fixed-rate mortgage. Furthermore, by providing additional liquidity in the housing market through unconventional underwriting assessments, the objective of DU Refi PlusTM is to overcome the barrier facing Americans hoping to refinance. DU Refi PlusTM demonstrates Fannie Mae’s effort and contribution to stabilize the housing industry through mortgage refinancing.

Brian Faith, Managing Director of Communications for DU Refi PlusTM recently stated, “DU Refi Plus™ will streamline the underwriting of refinance transactions for potentially millions of current mortgage holders … the company will be able to identify an existing Fannie Mae loan and review the performance history. This will allow lenders, regardless of the servicer, to enjoy expanded refinancing business opportunities and streamlined processing …”

For additional information on DU Refi PlusTM, including highlights, restrictions and updates, visit For an interactive blog on DU Refi PlusTM, visit The release of DU Refi PlusTM is expected the weekend of April 4, 2009, however, the availability of the mortgage refinancing program is determined by individual mortgage lenders.

About Total Mortgage Services, LLC
Total Mortgage Services, LLC ( has been a mortgage broker and lender since 1997, funding more than $4 billion in mortgage loans. Total Mortgage Services, LLC specializes in mortgage refinancing, while offering some of the lowest current mortgage rates on conforming fixed-rate mortgages, jumbo mortgages and FHA mortgages in CA, FL, NJ, NY, MA, TX and other states. Total Mortgage Services, LLC is proud to provide convenience, exceptional customer service and the integrity of a community lender.


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 Fannie Mae DU Refi Plus
 mortgage refinancing
 current mortgage rates
 FHA rates

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