Tuesday Morning Fannie and Freddie Will Issue Major ‘Rep & Warranty’ Relief in New Policy

Fannie Mae and Freddie Mac — under the auspices of FHFA — are issuing to their seller/servicers relief from onerous ‘representation and warranty’ clauses on loans they purchase with particular emphasis on mortgages that are current for at least 36 months.

Article source: http://www.nationalmortgagenews.com/dailybriefing/GSEs-issue-mortgage-buyback-relief-1032156-1.html

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