Fannie and Freddie Introduce Tougher Lending Guidelines
Stricter Rules for Commercial Property Lenders and Brokers Fannie Mae and Freddie Mac, mortgage financing companies, intend to restrict guidelines for brokers and commercial property lenders. This action tracks a regulatory crackdown on fraud in the multi-trillion dollar real estate sector. Lenders now have to personally confirm the financial data of apartment buildings and other multifarious properties. These revisions seek to reduce industry-wide fraudulent activity that has dog
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