“There’s no point in leaving money on the table that’s been allocated,” said Pamela Perry, a vice president of single-family equitable housing at Freddie Mac.
Justices appointed by Republican presidents were among those who expressed some skepticism about arguments offered by the Community Financial Services Association of America.
A coalition of consumer groups, including the National Consumer Law Center, recommend that lenders adopt a reconsideration of value process “as close to mandatory as possible outside a formal rule.”