Fannie Mae And Freddie Mac Stress Importance Of Lender Data Accuracy

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On March 26, Fannie Mae and Freddie Mac reminded lenders of the importance of data accuracy to improve the overall quality of loan delivery data submitted to each entity and ensure that it is complete and fully reflective of the terms of the mortgage. The announcement clarifies information about certain data points and provides examples for lenders.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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