Most credit union and CUSO mortgage programs will see minimal impact from Fannie Mae and Freddie Mac's limiting the secondary market to only qualified mortgages, according to credit union and CUSO executives.
The two government-owned housing finance giants announced Monday that their regulator, the Federal Housing Finance Administration, had ordered the move to take effect on Jan. 10, 2014.
At that point, they will no longer buy loans that don't conform to the Consumer Financial Protection Bureau's qualified mortgage rule.
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