Freddie Mac recently announced that it has expanded its Home Possible® sweat equity program, which will now allow certain borrowers to utilize their construction skills in order to help cover an entire down payment and all closing costs when purchasing a home.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, Freddie MAC, GSE, Compliance, residential mortgage industry
On November 30th, Freddie Mac announced that its new CHOICEHomeSM program will begin allowing conventional financing for manufactured homes in an attempt to both increase the availability of affordable housing and to provide innovative financing options.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, Freddie MAC, GSE, residential mortgage industry, Compliance
Mortgage News Daily recently reported that Freddie Mac’s Economic and Housing Research Group has issued its October Forecast, which includes predictions into 2020.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, AMCs, Appraisers, residential mortgage industry, Freddie MAC, GSE
The FHFA, Fannie Mae, and Freddie Mac (in collaboration with industry, consumer, and government partners) recently announced that they have launched a centralized clearinghouse known as Mortgage Translations, which consists of an easy-to-use collection of translated documents and tools that will assist lenders and other industry participants in helping borrowers with limited English proficiency (LEP).
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, servicers, residential mortgage industry, Fannie Mae, Freddie MAC, GSE
Global Kinex® is Global DMS’ automated technology solution for seamlessly delivering appraisals to both the UCDP® and EAD portal. In addition to its automation capabilities, another unique feature of Global Kinex is that it can be implemented as a stand-alone solution or in conjunction with our valuation management platform, eTrac® Enterprise.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, AMCs, UCDP, residential mortgage industry, eTrac Enterprise Solutions, global kinex, Appraisal Process Management, Compliance, collateral management, MISMO XML, UAD, appraisal technology, Fannie Mae, Freddie MAC
Fannie Mae and Freddie Mac recently announced that they have launched an initiative to update the Uniform Appraisal Dataset (UAD) and uniform appraisal reporting forms to provide greater clarity for industry participants, simplify appraisal reporting and reviewing, and to build a foundation for appraisal modernization.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, AMCs, Fannie Mae, Freddie MAC, GSE, UAD, Appraisal Process Management, appraisal forms, Uniform Appraisal Dataset, appraisal technology
Freddie Mac’s latest Outlook report, which was released at the end of April, broke down the state of the housing market and examined where the industry is likely heading over the next couple years.
Read MoreTopics: Lenders, Credit Union, Mortgage Companies, AMCs, residential mortgage industry, Freddie MAC, GSE
Many throughout the mortgage industry have been keeping their eyes on the rising interest rates, wondering how they will affect housing. Freddie Mac has taken notice to this subject as well, and in its recent February Insight report, the GSE looked at how these rising rates could impact the market.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, residential mortgage industry, Freddie MAC, GSE
In a recent blog post, the FHFA announced that it has created the new Mortgage Assistance Application (MAAp), which will allow servicers to help borrowers resolve delinquencies more quickly.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, servicers, GSE, Fannie Mae, Freddie MAC, Compliance
In a recent bulletin, Freddie Mac outlined several impending changes to its student loan debt calculation requirements, which will become effective for mortgages with settlement dates on or after January 18, 2018.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, Freddie MAC, GSE, Compliance, Regulations
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