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According to WSJ, Fannie and Freddie are making banks buy back poorly underwritten loans that have soured.No wonder we have pre-closing audits, pre-funding audits, post-closing audits, post-post closing audits and so on and so forth. The documentation...
Haven't posted in awhile. Business has been pretty good lately, despite all the whining I do on this blog.FHA is changing some of their condo guidelines which should play well in the NYC market. First off, they are lowering the required pre-sales to...
