TITLE

Fear of Boomerang Mortgages Still Hinders the Market

AUTHOR(S)
Dalton, John
PUB. DATE
August 2013
SOURCE
American Banker;8/16/2013, Vol. 178 Issue F332, p79
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the U.S. Federal Housing Finance Agency's (FHFA's) guidelines for lenders selling mortgage loans to Fannie Mae and Freddie Mac government-sponsored enterprises (GSEs) as of August 16, 2013. The article notes the guidelines include requirements such as lenders must repurchase loans that default for unexpected reasons and they have to repurchase bad loans as late as three years after they are sold to the GSEs.
ACCESSION #
89759304

 

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