"Addressing these concerns by providing tighter definitions and clarity should encourage sellers to serve a broader range of qualified borrowers," said Freddie Mac EVP David Lowman.
Fannie Mae and Freddie Mac last week revised their representation and warranty frameworks to provide lenders clarity on an issue they have long raised as a sticking point in housing reform, and one that some say has made lenders less willing to extend credit. more »
The mortgage delinquency rate continued its robust decline, falling for the 11th straight quarter, according to TransUnion's latest mortgage report. more »