The U.S. regulator of Fannie Mae and Freddie Mac on Friday Jan 30 proposed new eligibility rules for nonbanks selling and servicing mortgages backed by the government-controlled mortgage agencies.
These nonbank mortgage firms are required to have a minimum net worth of $2.5 million plus a quarter percentage point of the outstanding principal of loans they service, the Federal Housing Finance Agency report
Continue---> www.careinsure..com