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MBA Applauds FHFA, Fannie Mae and Freddie Mac Announcement of Independent Dispute Resolution Program

WASHINGTON, D.C. – February 3, 2016 – (RealEstateRama) — David H. Stevens, CMB, President & CEO of the Mortgage Bankers Association, released the following statement applauding FHFA, Fannie Mae and Freddie Mac on their work to finalize the independent dispute resolution program, which is the capstone of the revised representation and warranty framework:

“FHFA, Fannie Mae and Freddie Mac should be commended for their work over the last four years on the representation and warranty framework. The independent dispute resolution process is an important final piece to this effort. In its totality, the representation and warranty framework will provide much needed certainty and transparency for lenders of all sizes and help broaden access to credit for borrowers. MBA is glad to have contributed to this initiative and we look forward to continuing to work with FHFA, the GSEs and other stakeholders in helping to create a sustainable lending environment that reasonably expands credit for all borrowers interested in the home buying process.”

Rob Van Raaphorst

(202) 557- 2799