Before understanding of scam, Alliance marketed numerous mortgage financial obligation so you’re able to supplementary traders

Before understanding of scam, Alliance marketed numerous mortgage financial obligation so you’re able to supplementary traders When it comes to about three of them qualities, legislation of your own Government Home loan Mortgage Organization (FHLMC) expected Alliance to repurchase the brand new funds they got earlier sold so you’re able to the fresh new Fannie mae (FNMA) Once foreclosure or repurchase of your financing regarding a secondary trader, Alliance must pay various costs and costs through the date it resold the home, along with assets taxation, solutions into the possessions, correction regarding regional construction password abuses, maintenance of the home, appropriate insurance rates, and you can costs associated with attempting to sell the house.

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