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Federal Agencies Reverse Course on Tight Mortgage Rules

hamilton-zanze May 15, 2014

Federal agencies, including Fannie Mae and Freddie Mac, are expected to finalize new rules for mortgage-backed securities to encourage lenders to reduce lending restrictions and make it easier for first-time and other entry-level homebuyers.

The new rules reverses the course taken following the 2008 financial crisis, when regulators proposed rules to require larger down payments on mortgages in certain kinds of mortgage-backed securities.

Read more at the Wall Street Journal

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