Fannie Mae, Freddie Mac finalize rep and warrants policies: The Federal Housing Finance Administration announced Tuesday morning that Fannie Mae and Freddie Mac are changing their #mortgage purchasing rules to establish an independent third-party review process for loans that trigger a repurchase request due to perceived violations of the government-sponsored enterprises’ representation and warranty framework. This move provides “needed certainty and transparency” for #lenders and should broaden access to credit for borrowers. Click the headline to read more. http://www.housingwire.com/articles/36190-fannie-mae-freddie-mac-finalize-rep-and-warrants-policies ❤️ #share #mortgage
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