Items Tagged with 'Freddie Mac'


Freddie Mac announces new tools designed to cut mortgage origination costs

Enhancements to Loan Advisor Suite could help lenders' bottom line
Not to be outdone by Fannie Mae’s announcement that it plans to offer lenders “Day 1” representation and warranty relief, Freddie Mac announced Monday that it is planning a series of enhancements to its Loan Advisor Suite designed to cut mortgage origination costs for lenders.
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Bank of America doubles down on 3% down mortgages without insurance

Expands "Affordable Loan Solution" for low- and moderate-income homebuyers
Earlier this year, Bank of America, in partnership with Freddie Mac and Self-Help Ventures Fund, began offering mortgages that only required consumers to put down 3% and did not require the consumers to obtain mortgage insurance either. Bank of America said Thursday that the "Affordable Loan Solution" program is proving so successful in its first few months that the bank is doubling its annual commitment to the program – from $500 million to $1 billion.
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Freddie Mac: Mortgage market soaring in 2016, will fall back in 2017

Time to get while the getting's good
Freddie Mac continues to believe that mortgage lending is on track for a big year this year, but now expects the market to tap the brakes in 2017. But it won’t be purchase mortgage originations that will drag down 2017’s origination total, as purchase and home improvement mortgage activity is actually expected to rise next year. According to the Freddie Mac report, next year’s drop will be driven by a significant decline in refinances.
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Freddie Mac: Mortgage rates jump up after 10-week low

Anticipation grows for December rate hike
Mortgage rates jumped up this week for the first time in a month, rising above a 10-week low. Although anticipation for a rate hike this year pushed rates higher, Freddie Mac warns that consumer price inflation still remain below the Fed’s target.
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