Industry News

GSEs to require lenders to follow guidance for ‘exotic’ loans

Fannie, Freddie set Sept. 13 cutoff date
Published on Jul 16, 2007

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by CareyBot

Mortgage repurchasers Fannie Mae and Freddie Mac say that as of Sept. 13 they will no longer buy nontraditional mortgages from lenders who don’t follow underwriting and disclosure guidance issued by federal regulators last fall. Fannie and Freddie were directed ...