Fannie Mae (FNMA)

[IL Padrino]

REFORM IS HAPPENING/HAS HAPPENED!

We're just waiting for the common sense to set in. Release coming soon.

Fannie, Freddie modify loan repurchase rules
Nov 21 2014, 02:12 ET | About: Fannie Mae (FNMA) | By: Yoel Minkoff, SA News Editor Contact this editor with comments or a news tip
Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) have revised their representation and warranty framework in response to lender concerns about the risk on buying back loans sold to the two agencies.Fannie says it can now only seek a mortgage repurchase if it determines the failure to comply would undermine its rights on the loan, result in a liability for the company or if the lender violated a consumer protection law or regulation. Freddie has made similar changes.

http://seekingalpha.com/news/2141565-fannie-freddie-modify-loan-repurchase-rules