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Moody’s finds good, bad with FHFA announcements
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The recent move by the Federal Housing Finance Agency to allow servicers to stop paying principal and interest after four months on Fannie Mae and Freddie Mac loans which are in forbearance drew good and bad notes from Moody’s analysts.
Moody’s said the move was a credit positive for servicers such as Quicken Loans and Freedom Mortgage because it reduced their liquidity needs.
Read on for more details from the analysts’ report.
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