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Home » Store » Taxable » Freddie Sued Over AU System

Freddie Sued Over AU System

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Taxable

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The lawsuits against the GSEs over their use and/or reliance on automated underwriting systems keep coming. And it now looks as though plaintiff attorneys are seeing big dollar signs when it comes to suing Fannie Mae and Freddie Mac. Just last week, Freddie Mac was the target of a class action lawsuit alleging the GSE violated the Fair Credit Reporting Act for failing to notify borrowers of “adverse action” when its Loan Prospector automated
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