Fannie, Freddie Ease Rules for Mortgage Lenders

Wall Street Journal, Oct. 7, 2015–Light, Joe

Mortgage lenders on Wednesday received new assurances from mortgage-finance giants Fannie Mae and Freddie Mac that they won’t be slammed with onerous penalties for what they say are relatively minor errors made when underwriting loans. MBA President and CEO David Stevens said the GSEs’ actions  “will add additional clarity to the broad lending community, which should help lenders’ confidence to lend.”