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Volume 27 - Number 33

August 19, 2010

Fannie Mae Straightens Out ‘Unintended Result’ Of Loan Quality Initiative on Credit Reports

Fannie Mae and Freddie Mac this week released new guidance aimed at clearing up lender confusion over whether a second credit report has to be drawn just before loan closing to make sure the borrower hasn’t taken on any undisclosed debt since the loan was underwritten. They don’t, although...

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