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Home » Store » News » Consumer Protection Weighed More in GSE’s Arbitration Policy

Consumer Protection Weighed More in GSE’s Arbitration Policy

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Despite mortgage lenders’ strong preference for mandatory arbitration clauses, Fannie Mae said it will no longer purchase or accept delivery of mortgage loans that contain such provisions. The latest policy was spelled out in Announcement 04-06, which also contained other new instructions to lenders regarding the government-sponsored enterprise’s policies for purchasing and accepting residential mortgage loans. …
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