Teresa Borden Howell’s Post

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Past President MBAMW, Retired from Enact MI

“Federal #Housing Finance Agency Deputy Director Naa Awaa Tagoe #announced a number of #changes Monday at the #Mortgage Bankers Association’s annual #convention in #Denver. #Freddie Mac’s #pilot program that allowed #certain lenders to #avoid a #repurchase request for #defective loans that are still #performing will be #expanded to #all lenders that #deliver loans to the #government-sponsored enterprise. #Freddie says its #pilot has #reduced repurchase #costs for #performing loans with #defects. It has also #fostered greater lender #engagement in #quality control. For #Fannie Mae and #Freddie, Tagoe said #FHFA will #expand eligibility for #appraisal waivers for #purchase loans. The #maximum allowable loan-#to-value #ratio will #rise from 80% #to 90% for #full appraisal #waivers and #from 80% #to 97% for #inspection-based #appraisal waivers.”

FHFA Expands Freddie Repurchase Pilot; Makes Moves on Appraisals

FHFA Expands Freddie Repurchase Pilot; Makes Moves on Appraisals

insidemortgagefinance.com

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