The complaint further alleges that company executives have been aware of the poor EPD rates since 2011 but apparently did nothing to resolve the problem.
Sellers of residential mortgages that include servicing rights are receiving premium bids these days, a situation that isn’t likely to abate anytime soon.
An inadequate supply of homes is likely to remain a challenge for potential borrowers and lenders for many years to come, according to analysts at Freddie Mac.
The nomination had been expected for several weeks now and paves the way – quite possibly –for limitations on GSE pilot programs, loan parameters and secondary market liquidity.