Freddie Mac faced criticism last week from consumer advocates for the way the government-sponsored enterprise’s automated underwriting system handles certain functions involving merged credit reports and Equifax. A story in the New York Times this week detailed how Equifax acted as a “gatekeeper” for certain borrower credit information in Freddie’s Loan Quality Advisor. LQA is a risk and eligibility assessment tool that evaluates loan data to help lenders determine if ...
Formed in 2014, LH originated $598 million in 2016, ranking 442nd overall, according to Home Mortgage Disclosure Act figures compiled by Inside Mortgage Finance.
Meanwhile, one detail about the capital buffer falling to zero remains unclear: On Jan. 1 will every single penny of the $600 million (at each) be carted away?