Items Tagged with 'representation and warranty'

ARTICLES

  • Freddie Mac: Mortgage repurchases down 95% from 2010 peak

    2 major reasons for the drop off
    Thanks to improvements made by lenders to their loan production process and updates to the government-sponsored enterprises’ representation and warranty policies, single-family loan repurchase requests are down 95% from their peak in 2010, according to Freddie Mac.
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  • Freddie Mac unveils 'game-changing' tools to boost mortgage lenders

    New tools designed to provide clarity; improve efficiency, compliance
    Freddie Mac is set to unveil a suite of new tools providing lenders with "actionable feedback" throughout the loan production process, thereby helping lenders lend more often and with more confidence. "We think it’s going to a game-changer for the industry," Chris Boyle, senior vice president and head of single-family sales & relationship management at Freddie Mac, told HousingWire in an interview.
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  • Fannie Mae, Freddie Mac finalize rep and warrants policies

    Finally establish third-party arbitration for repurchases
    The Federal Housing Finance Agency announced this morning that Fannie Mae and Freddie Mac are changing their mortgage purchasing rules to establish an independent third-party review process for repurchases. This arbitrator will now review unresolved loan-level disputes.
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