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Fannie Mae and Freddie Mac are preparing to impose stricter rules for commercial-property lenders and brokers, following a budding regulatory crackdown on fraud in the multitrillion-dollar market.
Fannie Mae and Freddie Mac are working on newer and even stricter rules for commercial lenders and brokers after recent mortgage fraud schemes came to light.
(Reuters) - Mortgage financing firms Fannie Mae and Freddie Mac are set to impose stricter rules for commercial property lenders and brokers, following a budding regulatory crackdown on fraud in ...
On June 25, Federal Housing Finance Agency Director William J. Pulte ordered Fannie Mae and Freddie Mac – the two ...
In response, some firms, like Freddie Mac, have started requiring additional documentation such as rent receipts, while others like Fannie Mae are reviewing loans for doctored financials.
Effective immediately, Fannie and Freddie will allow mortgage lenders to use VantageScore credit ratings to assess ...
Fannie Mae and Freddie Mac are government-backed enterprises that purchase mortgages on the secondary market, issue them as ...
Both government-sponsored enterprises also are tightening rules around condo and co-op loans in buildings that have been ...
Mortgage financing firms Fannie Mae (FNMA) and Freddie Mac (FMCC) are set to impose stricter rules for commercial property lenders and brokers.