Fannie, Freddie Mac announce new mortgage buyback rules

new rules7By Ben Lane | HousingWire

Aiming to provide lenders with “more clarity and transparency” and encourage increased access to credit to worth borrowers, Fannie Mae and Freddie Mac announced a set of new policies pertaining to mortgage buybacks.

In announcements sent Wednesday to lenders, Fannie Mae and Freddie Mac each announced the release of updates to each company’s repurchase practices and procedures.

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