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December 8, 2014

GSEs Officially Re-Enter 97% LTV Market; But Will it Make a Difference?

By Paul Muolo

Freddie’s program, which is called “Home Possible Advantage,” requires a minimum credit score of 660 for purchase loans, and 680 for "no cash-out" refis. This is only for manually underwritten loans.

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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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