Fannie and Freddie to Collaborate on Universal Data Collection Initiative, Field Complaints About HVCC
May 27, 2010
The meltdown in mortgage credit led to an industry-wide focus on loan quality that is reaching to the nittiest, grittiest levels as federal regulators prodded Fannie Mae and Freddie Mac to launch a joint effort to set new standards on the integrity of data they collect at loan delivery. According to industry sources, the Uniform Mortgage Data Program will also help lender efficiency by...