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May 12, 2014

FHFA Directs Fannie and Freddie to Give Lenders a Break on ‘Reps & Warrants’

By Paul Muolo

Among the changes, the two GSEs will no longer require that a lender automatically repurchase a residential loan when a mortgage insurance company rescinds coverage.

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Poll

With the spring homebuying season in full swing, what percentage of your March 2017 application volume has been for “purchase” loans?

75% or higher
50% to 74%
30% to 49%
Under 30%

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