Volume 27 - Number 9
March 4, 2010
Fannie Launches Initiative to Focus on Origination Practices as Buyback Demands Continue Climbing
Citing lessons learned from the dramatic increase in loan repurchases it has forced lenders to make, Fannie Mae launched a new Loan Quality Initiative to bolster loan production practices. The initiative, announced late last week, focuses on validating and verifying the information gathered in originating loans and selling them to the government-sponsored enterprise. The LQI, for example...
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