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ARTICLE · 11 OCTOBER 2012

FHFA Releases Report On Its Loan Repurchase Program (Consumer Financial Services Alert)

Goodwin Procter LLP
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The Office of the Inspector General of the Federal Housing Finance Agency released a report evaluating the FHFA's and Freddie Mac's loan repurchase program since the initial report was issued in September 2011.

United StatesConsumer Protection
Jeffrey Barringer
Jeffrey Barringer
Thomas Good
Thomas Good
Crystal Kaldjob
Crystal Kaldjob
Brandon Thompson
Brandon Thompson

The Office of the Inspector General of the Federal Housing Finance Agency released a report evaluating the FHFA's and Freddie Mac's loan repurchase program since the initial report was issued in September 2011. The OIG concluded that both the FHFA and Freddie Mac have addressed the issues raised in the initial report by adopting "a more expansive review process." The initial report found shortcomings in Freddie Mac's quality control process including overlooking of loans in default, The report concluded by recommending that FHFA and Freddie Mac continuing to improve its loan review process in light of the original findings.

Goodwin Procter LLP is one of the nation's leading law firms, with a team of 700 attorneys and offices in Boston, Los Angeles, New York, San Diego, San Francisco and Washington, D.C. The firm combines in-depth legal knowledge with practical business experience to deliver innovative solutions to complex legal problems. We provide litigation,

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