TITLE

Fannie, Freddie Offer Lenders a 'Get Out of Putbacks Free' Card

AUTHOR(S)
Berry, Kate
PUB. DATE
November 2014
SOURCE
Nationalmortgagenews.com;11/20/2014, p2
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the initiative of government-sponsored enterprises Fannie Mae and Freddie Mac in easing up mortgage buyback requests and encourage lenders to provide loans to borrowers with lower credit scores. Topics covered include the benefits accruing to lenders such as the ability to cure loan defects, being off the hook in repurchasing defective loans, and reducing their risk exposure. It notes that the changes were made public by Federal Housing Finance Agency Director Mel Watt.
ACCESSION #
99574234

 

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