Tag: Freddie Mac
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Who is Freddie Mac Today?
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Often in the industry, when we think of the forty-eight-year-old Government Sponsored Entity The Federal Home Loan Mortgage Corporation, otherwise known as Freddie Mac, we think: “I’d love to be an REO broker with them” or “I’d love to be in a vendor relationship with them.” However, as we discovered in our “Who is Freddie…
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Stories of Character and Courage-NDILC Luncheon Panel
After a jam-packed morning of information and new industry developments, our conference attendees were treated to an informal panel session led by NDILC (NAWRB Diversity and Inclusion Leadership Council) Chairwoman, President & CEO of NAWRB Desirée Patno, Co-chair Vanessa Montañez, and Council Members Sarah Goldfrank, Dr. Chitra Dorai, Stacey M. Walker, and Teresa Palacios Smith.
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Freddie Mac and Fannie Mae Non-Performing Loans
Freddie Mac and Fannie Mae have strengthened their efforts to sell their high number of delinquent, non-performing loans (NPLs). From helping the taxpayer to providing opportunities for minority- and women-owned businesses, the reasons for the newfound auction fervor are several.
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Protect Yourself from Mortgage Assistance Scams
A recent uncovering of a mortgage assistance scheme involving a Detroit man and his “faith-based” company has borrowers asking, “How do we protect ourselves from foreclosure relief scams?” Freddie Mac offers tips to help borrowers become cautious of companies that seem too good to be true.
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Change in ‘Loan Prospector’ Affecting Lenders and Borrowers
Beginning June 1, Freddie Mac will no longer charge for its automated underwriting service–Loan Prospector–which will affect lenders and borrowers.
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Freddie Mac Report Reveals Improving Housing Markets
Freddie Mac has released the findings of its monthly Multi-Indicator Market Index (MiMi) today which highlights the stability of the housing market from a national, state, and metro perspective. The results of March’s MiMi findings points to a more stable housing market.
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New Financial Rule Set by Fannie Mae and Freddie Mac
The Federal Housing Finance Agency stated Wednesday that Fannie Mae and Freddie Mac are issuing new operational and financial requirements for all sellers and servicers who work with the GSEs.
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Freddie Mac’s 2015 Q1 Net Income Doubles from Q4
Freddie Mac’s net income for the first quarter of 2015 almost doubled from Q4. According to Freddie Mac’s Q1 2015 Financial Report, its net income is now at 524 million.
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Serious Delinquency Rates on Single-Family Loans at an All-Time Low
The serious delinquency rate on single-family loans has fallen to its lowest level in six and a half years. Serious delinquency is when a single-family mortgage is 90 or more days past due and the bank considers the mortgage to be in danger of default. When a mortgage is in default, a lender usually initiates…
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What Decreasing Mortgage Rates Mean For You
Mortgage rates are going further and further down and if you’re a real estate agent, you may be in luck as the reduction in mortgage rates may mean more people will be buying homes.