RC_LA_DA_301.5 GSE and Agency Loss Mitigation Options
Member Price: $49.00
Nonmember Price: $79.00
Product Code: DL2-011052-WC-WPurchase
This is a single-family/residential course.
Fannie Mae, Freddie Mac, the Federal Housing Administration (FHA) (under the authority of the Department of Housing and Urban Development), and the Veterans Administration (VA) are key players in the US mortgage market. Fannie Mae and Freddie Mac are both government-sponsored enterprises (GSEs) that provide liquidity through their purchase and securitization of mortgage loans. The FHA and VA offer loan insurance (FHA) or a loan guarantee (VA) in order to allow borrowers to obtain financing where they may lack an adequate down payment. The loss mitigation programs designed by these agencies shape industry practice since they represent the largest percentage of mortgages in most servicers' portfolios.
GSE and Agency Loss Mitigation Options provides a brief overview of these organizations and the loss mitigation programs they offer.
Seat time approximately one (1) hour.