Is a loan eligible for sale to Freddie Mac if the lender purchased the loan from a correspondent that did not comply with AIR in originating that loan?
No. It is the lender’s responsibility to ensure that all loans it purchases with intent to deliver to Freddie Mac comply with all of our Guide requirements. Effective October 15, 2010, Freddie Mac will not purchases mortgages from Sellers that have not complied with Guide Exhibit 35 with respect to single-family mortgages that are delivered to Freddie Mac.
No. It is the lender’s responsibility to ensure that all loans it purchases with intent to deliver to Freddie Mac comply with all of our Guide requirements. Effective October 15, 2010, Freddie Mac will not purchases mortgages from Sellers that have not complied with Guide Exhibit 35 with respect to single-family mortgages that are delivered to Freddie Mac.
Related Questions
- Is a loan eligible for sale to Fannie Mae if the lender purchased the loan from a correspondent that did not comply with AIR in originating that loan?
- Whats the difference between a supervised and nonsupervised lender (both mortgagee and loan correspondent)?
- How will Freddie Mac ensure that a lender is in compliance with AIR?
