Freddie Mac Loosens Mortgage Rules to Lower Putback Requests

Freddie Mac and Fannie Mae have forced lenders to buy back over $10 billion of mortgages have released a statement outlining that they are loosening the rules that have causes many mortgage banks to not extend credit to thousands of Americans.

These changes came directly from the Federal Housing Finance Agency via a memo released to lenders. The memo outlined that the pool of loans that are exempt from putback requests is now larger.

What does this mean? Many who were considered "too risky" may now qualify.

To see if you qualify please fill out our loan application.

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