Articles Tagged with ''Freddie''

Freddie Mac kills 1% down payment mortgages

Borrowers must now use their own money for entire 3% down
Freddie Mac announced it is changing the requirements to its low down payment mortgage program and will no longer allow lenders to contribute gifts or grants to reach the 3% down requirement. Borrowers must now front the entire 3% down payment from their personal funds, meaning the industry can say goodbye to the 1% down mortgage, at least from Freddie Mac.
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Interest rates, falling production and policy weigh on mortgage industry

Downbeat mood at MBA Secondary
Depending on who you ask, talk of GSE reform is either all the rage or totally absent from the discussion at the MBA Secondary conference taking place right now in New York City. Here, in a HousingWire exclusive, Christopher Whalen discusses his view of the GSE reform discussion (or lack thereof) and other observations from the conference.
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Urban Institute researcher urges more caution with GSE risk transfers

What happens when market conditions deteriorate?
As the government puts more and more effort into distancing taxpayers from mortgage credit risk, a different problem starts to brew. According new blog post from the Urban Institute, the government's efforts to reduce credit risk aren’t fail proof and could instead result in mortgage rates becoming significantly more volatile.
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