Tag: Loan Curing

  • What’s a “Scratch and Dent” Mortgage?

    What’s a “Scratch and Dent” Mortgage?

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    by

    Deeds.com
    in

    Last year, mortgage lending slowed to a crawl. So, the lending industry had some extra time on its hands. Fannie Mae and Freddie Mac took advantage of some of that extra time to go over the loans they purchased in the sizzling hot market of 2020-21. During those frenzied months, underwriters were under pressure to…