Mortgage Broker Meridian Will Be Freed From Freddie Mac Ban (1)

Mortgage broker Meridian Capital Group will be freed from a Freddie Mac ban months after Freddie stopped buying loans handled by the firm amid an industrywide crackdown on fraud.

Starting on Jan. 1, Freddie Mac will begin considering Meridian-brokered loans again as long as lenders comply with a suite of new conditions.

The decision “comes after a thorough review process and enhancements to our lender requirements,” a Freddie Mac spokesperson said in a statement.

The move comes amid intense regulatory scrutiny of the commercial real estate market that has sparked several criminal investigations and a tightening of rules for lenders ...