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Volume 14 - Number 10

May 16, 2014

GSE Rep & Warrant Revisions Offer Buyback Alternatives

Lenders selling loans to the GSEs will get buyback relief for mortgages that go through Fannie Maeís and Freddie Macís quality-control review processes, according to a new policy the companies announced this week. The new policy, issued in conjunction with the unveiling of the Federal Housing Finance Agencyís updated strategic plan and conservatorship scorecard, tinkers at the edges of the buyback safe harbor for loans with acceptable payment history.

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