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Sterne Agee: Tweaks to put-back rules won’t bait lenders to low FICO loans

Oct 21, 2014By

The planned tweaks in mortgage put-back rules won’t draw major mortgage companies into offering loans to lower FICO borrowers, according to a client note from Sterne Agee, even though new Federal Housing Finance Agency plans to develop 95-97% LTV loans are a positive.

3d rendering of a row of luxury townhouses along a street

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