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Home » Store » Inside Mortgage Trends » Fannie and Freddie Officials Stress Quality Control As Best Strategy to Curb Repurchase Demands

Fannie and Freddie Officials Stress Quality Control As Best Strategy to Curb Repurchase Demands

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Inside Mortgage Trends

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Despite this year’s implementation of a new Fannie Mae/Freddie Mac representations and warranties framework that offers some repurchase relief three years after a loan is sold, officials from the two government-sponsored enterprises agree that the best way to beat a buyback request is to focus on quality control. Participants during an Inside Mortgage Finance webinar this week said the new reps and warranties policy has brought greatly increased scrutiny of new mortgages guaranteed by Fannie and Freddie. “Quality in the loan-manufacturing process is...
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