The Exclusionary List of Freddie Mac and Fannie Mae

The relationship between mortgage brokers and the mortgage giants, Freddie Mac and Fannie Mae, is extremely important. Remaining on good terms with these agencies is essential to functioning in a professional capacity as a mortgage broker.

Freddie Mac and Fannie Mae have one extremely effective tool they use to regulate mortgage broker conduct and that is the exclusionary list. If the agencies are not satisfied with the way a mortgage broker is operating, he or she will be put on the exclusionary list, which prohibits banks and other lending institutions from doing business with the broker.

Placement on the Freddie Mac and Fannie Mae exclusionary list can effectively put a mortgage broker out of business.

Avoid the Exclusionary List

Clearly, the best strategy is to avoid mortgage practices that can result in your name being placed on the exclusionary list. The attorneys at Collins & Bellenghi, LLP, provide mortgage brokers with advice on the legality of mortgage practices and can intervene when problems begin to arise. Our goal is to help you remain in compliance with Freddie Mac and Fannie Mae requirements and to resolve questions and conflicts promptly.

Challenge Mortgage Broker Placement on the Exclusionary List

If you have already been placed on the exclusionary list, you can challenge that decision in an administrative proceedings and, if that is unsuccessful, in a civil trial. The trial attorneys at Collins & Bellenghi represent mortgage brokers in administrative challenges and in civil court proceedings.

Each of our attorneys has more than 20 years of trial court experience. We are well qualified and prepared to provide you with a strong defense.

Contact our Newport Beach, California law office to discuss your concerns.

Freddie Mac Exclusionary List / Administrative Hearing Lawyer