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Fawaz noted the program was developed based on broker feedback, addressing various areas for correspondent lenders, including: The elimination, misquoting or loan adjustment oversights by applying systematic profit levels. …
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Read more: CondoTek executive: New condo rules “difficult to swallow” Because of that risk, Horne said Fannie Mae is making many of those temporary provisions permanent as part of its recently updated policies to address projects in need of…
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Lenders are still clinging to tight underwriting standards, albeit slightly looser, as they reconcile smaller capacity with a sluggish housing market. Mortgage credit availability rose by a tiny margin in June from May but is still hovering…
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