Items Tagged with 'Home Possible Advantage'

ARTICLES

  • Lenders react to end of Freddie Mac 1% down payment mortgage offerings

    Quicken Loans and UWM weigh in
    0% down and 1% down mortgage offerings just started to gain traction in the industry before Freddie Mac announced it completely nixed the program option. So what was the goal in rolling out the 3% down or less options? Help spur homeownership and give first-time homebuyers an affordable conforming, conventional mortgage option. And according to an interview with Quicken Loans and United Wholesale Mortgage that is exactly what the programs were doing.
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  • Here's a status update on Freddie's 3% down mortgage program

    Where are 97% LTV products headed?
    Freddie Mac is adamant about not sharing details on the success of its Home Possible Advantage Program, with no apparent plans to start revealing it. So, what is public knowledge about the program? Here's what Donald Layton, Freddie Mac CEO, said during the conference call.
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