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CHLA letter to FHFA: GSEs should offer indemnifications instead of repurchases for performing loans

In a letter to FHFA Director Sandra Thompson, CHLA is asking Fannie Mae and Freddie Mac to adopt a policy of offering a reasonable indemnification in lieu of a repurchase demand for performing loans. The letter complements a letter in late March asking the GSEs to require more accountability for aggregators in executing repurchase demands for correspondent lenders.