Want to create an interactive transcript for this episode?
Podcast: Lykken on Lending
Episode: MBA Mortgage Minute - Freddie Mac announcing the updated requirements for using attorney opinion
Description: Hi, I'm Adam DeSanctis, this is the Mortgage Minute, the latest news from the Mortgage Bankers Association. Last week, Freddie Mac announced that it updated requirements for using attorney opinion, title letters or AOL is expanding the types of mortgages that are eligible for delivery with an attorney opinion of title letter. expansion includes most mortgages secured by our property located in all US jurisdictions, which removes one of the largest impediments to the broader adoption of AOLs on the Freddie Mac side. Other mortgages and expansion include those secured by a unit in a pre-condo project and those...