Freddie, Fannie to Buy Fewer Delinquent Loans From Pools; GSEs Raise Fees for New Business
December 13, 2007
Freddie Mac revised its delinquent loan guidelines last week in order to keep more seriously delinquent loans in its MBS pools.Currently, Freddie purchases loans from its MBS once they are delinquent for 120 days. But going forward, the GSE is expanding...