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Fannie, Freddie will only purchase QMs, FHFA says
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Securitization
Tuesday, May 7, 2013
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The Federal Housing Finance Agency directed Fannie Mae and Freddie Mac to limit their future mortgage acquisitions to loans that meet the requirements for a qualified mortgage, including those that meet the Consumer Financial Protection Bureau’s special or temporary QM definition, and loans that are exempt from Dodd-Frank’s ability-to-repay requirements. Read on for the details.
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