FHFA Expands Reps and Warrants Policy

In response to industry concerns, the FHFA plans to broaden its reps and warrant loan repurchase policies to include loans that have successfully exited a Covid-19 forbearance plan. In prepared remarks before an industry conference, FHFA Director Sandra Thompson noted that recent elevated repurchase requests have come during a period of higher interest rates, which leads to greater losses for lenders when repurchasing low-interest-rate loans.

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