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November 20, 2014

Fannie and Freddie Make it Official on R&W Relief but with Several ‘Exclusions’

By Paul Muolo

In regard to misrepresentations, relief will not be offered if it can be proved that a borrower was misled by the originator. And, of course, any mortgage subject to fraud must be bought back.

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The year is almost 75% done. How is mortgage origination volume at your shop?

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We will fund less than last year – by a lot.

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