Industry News

OFHEO: Fannie, Freddie must follow guidelines for nontraditional loans

Lockhart gives GSEs until Feb. 28 to file progress report
Published on Dec 14, 2006

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by CareyBot

Federal regulators who oversee the financial health of government-sponsored mortgage repurchasers Fannie Mae and Freddie Mac say they must follow new guidelines for nontraditional loans. The guidelines, published in September, direct federally chartered banks to use stricter underwriting standards and ...