Mortgage News

Fannie Mae to Clean Up Purchase Process. And Jumpstart the Non-Agency Market at Same Time?

0 Comments 26 February 2010

Posted To: MND NewsWire If I was selling loans at the moment and I wanted to reduce secondary marketing ' leakage ', I would take special note of the changes, updates, and guidance's offered by Fannie Mae's QC department in Lender Letter 2010-03 below. THE LOAN QUALITY INITIATIVE! (aka loan repurchase world!) The only thing I might add before you read on is FNs loan purchasing systems/work flow are tedious and usually time consuming

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Fannie Mae to Clean Up Purchase Process. And Jumpstart the Non-Agency Market at Same Time?

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