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MortgageDaily – Secondary Update


The Mortgage Bankers Association last month has proposed a draft purchase and sale agreement for whole loans. In a selling notice announcement, Fannie Mae said Refi Plus loans with loan-to-values above 105 percent can continue to be delivered beginning Sept. 1. Correspondent lender Affiliated Mortgage Co. has become a preferred investor for Lenders One Mortgage Cooperative, a press release indicated.
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