Freddie Mac Exec Tells Lenders What Prompts Its Repurchase Demands and How to Avoid Them
June 24, 2010
Faulty verification documents and inaccurate appraisals are major causes for lenders to be asked to repurchase mortgages from Freddie Mac, according to an official at the government-sponsored enterprise who participated in an Inside Mortgage Finance webinar this week. Among the top deficiencies discovered in reviews of non-performing loans (NPL) completed in the...