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FHFA, HUD clarify Freddie Mac’s group home policies
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Financial Stability
Thursday, September 30, 2021
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The Federal Housing Finance Agency and the U.S. Department of Housing and Urban Development (HUD) made clarifications to Freddie Mac’s policies on purchase mortgages secured by a property owned by an individual and rented to a group home for persons with disabilities.
The clarification was in response to a HUD investigation, where a mortgage lender refused to lend to a property owner who was renting to a company operating a group home.
Read on for more details.
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