Dealers in seasoned mortgages will bear a disproportionate share of the workload to meet requirements of Freddie Mac's proposed policy on seasoned mortgages.

Complaints of lenders who brought their concerns to the Eastern Secondary Mortgage Market Conference in Raleigh, N.C., on Sept. 28 were twofold: The proposed policy penalizes lenders for dealing with portfolio lenders and saddles them with major new requirements.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.