New Agreement for Whole Loan Sales
Posted on October 15, 2009
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A new model sale and servicing agreement has been adopted Tuesday by the Mortgage Bankers Association, according to an announcement. The trade group said it expects the agreement to the become the standard for purchases and sales of whole loans that might be targeted for securitization. The move was made as part of an ongoing initiative to raise liquidity in the non-conforming market.
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