MetaSource Mortgage Blog

FHLMC: Mandatory Use of Designated Counsel

Wednesday, May 18, 2011

FHLMC: Effective 6/1/11, use of designated counsel is mandatory for new foreclosure and bankruptcy referrals initiated on and after this date on Mortgages secured by 2- to 4-unit properties and Manufactured Homes located in the District of Columbia and West Virginia.

Contact Mortgage Compliance Advisors to learn more about mandatory designated counsel

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