entity

Freddie Mac

Facts (3)

Sources

Predatory Lending Practices - House.gov commdocs.house.gov U.S. House of Representatives, Committee on Banking and Financial Services 2 facts

claimThe National Association of Mortgage Brokers (NAMB) is collaborating with the Mortgage Bankers Association (MBA), Fannie Mae, and Freddie Mac to develop a universal registry of loan originators to eliminate abusive lending practices.

perspectiveMr. Bartlett argues that the prohibition on prepayment penalties should apply to loans up to the conforming loan level for Fannie Mae and Freddie Mac (approximately $200,000) rather than the $150,000 limit included in the bill.

Fair Lending Enforcement Program - Department of Justice justice.gov Department of Justice 1 fact

measurementA 1996 unpublished draft report by Freddie Mac, based on a sample of 15,000 subprime mortgages from four financial institutions, found that 10-35% of subprime borrowers could have qualified for prime or 'A' credit loans.