Federal Agencies Withdraw Biden-Era Guidance Backing Special Purpose Credit Programs (SPCPs)

Scotsman Guide, a trade publication focused on the mortgage and real estate finance industry, contacted the co-leader of our Mortgage Banking Group, Richard J. Andreano, Jr., about the recent rescinding of interagency guidance that promoted the expansion of special purpose credit programs (SPCPs) for provision of mortgage credit. 

"Basically, we are back to the Biden administration," Rich noted.

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