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| Title: | Freddie Mac Revise Underwriting Requirements for Nontraditional Mortgages Consistent | | Source: | Freddie Mac | | Date: | 7/13/2007 |
Summary:
Freddie Mac are implementing changes to our underwriting requirements consistent with the practices referenced in the Interagency Guidance on Nontraditional Mortgage Product Risks ("the Guidance"). The Guidance was issued to address risks associated with Mortgage products that allow Borrowers to defer
payment of principal or interest and/or that could result in negative amortization ("nontraditional Mortgages").
Please select the Related Document to view the Bulletin July 13, 2007.
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