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Freddie Offers No-Fee Alternative for Keeping Defective Loans

Freddie Offers No-Fee Alternative for Keeping Defective Loans

Fannie Mae and Freddie Mac are telling lenders that they are willing to retain loans with defects if they believe the defects are minor and can be fixed. But Freddie is one-upping Fannie by offering to retain such loans without charging lenders a fee.

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