Digital Pay Stubs Utilized by Freddie Mac in Updated Income Assessment Tool

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In: New Home Mortgage News

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Monday saw the announcement from Freddie Mac that its automated income assessment tool has undergone an update, now incorporating a borrower’s digital pay-stub data. Freddie Mac stated that by integrating pay-stub data, their innovative tool enables lenders to evaluate theContinue Reading

Empowering Homebuyers: NewRez Revolutionizes Downpayment Assistance with Freddie Mac's Enhanced Program

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In: New Home Mortgage News

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NewRez Unveils Game-Changing Partnership: Empowering First-Time Homebuyers with Enhanced Downpayment Assistance Program In an exciting development within the mortgage industry, leading lender and servicer NewRez has introduced a groundbreaking special-purpose credit program in collaboration with Freddie Mac.  This innovative initiativeContinue Reading

Freddie Mac Multifamily Market Forecast for 2023 Q1 & Q2

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In: Realtor News

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Inflation fears, rising interest rates, and a cooling housing market have clouded Freddie Mac’s 2023 multi-family home market outlook. The mortgage aggregator expects the multifamily sector to slow further in 2023 due to moderate rental growth, higher vacancy, and lowerContinue Reading

Rising Rates And Declining Demands Resulting In Housing Market Slowdown – Freddie Mac Report

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In: Realtor News

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Freddie Mac (OTCQB: FMCC) said today that the current downturn in the housing market will continue due to reduced demand.  In a new quarterly forecast, the company’s chief economist indicated that mortgage interest rates that doubled last year were aContinue Reading

Change Of Roles For Two Of The Freddie Mac Multifamily Underwriting Team Members

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In: Mortgage News

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Freddie Mac Multifamily has announced several changes of roles to two members of its underwriting team. Caitlin Mair previously senior director of structured commodity acquisitions and lending has been promoted to vice president of risk allocation and credit. He overseesContinue Reading

Mixed Results For Freddie Mac’s Net Income For Q2 2022

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In: Mortgage News

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American mortgage giant Freddie Mac shared its financial results for the second quarter of 2022. Among the highlights of the release of the result, the government-sponsored enterprise noted that its net income was $2.5 billion in the second quarter, downContinue Reading

Despite Of Challenges Few Mortgage Companies Experiencing Growth

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In: Mortgage News

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Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to all the more likely arrive at planned homebuyers, notwithstanding a difficult mortgage market. While numerous lenders laid off a portionContinue Reading

Mortgage Interest Rate Hits 5% Says Freddie Mac

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In: Mortgage News

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The governmentally supported mortgage organization Freddie Mac said Thursday that 30-year fixed-rate mortgage rates have hit a normal of 5%, almost 2% above from where they sat a year prior as home buys delayed the nation over. The company’s PrimaryContinue Reading

New Fees Added to Few Mortgage Loans by Freddie Mac and Fannie Mae

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In: Mortgage News

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Fannie Mae and Freddie Mac are forcing new charges on loans inexpensive locales and on second homes.  For the small part of borrowers designated by the change, the new charges can add a large number of dollars in forthright expenses.Continue Reading

New Lending Guidelines Could restrain Mortgages - HOI for Florida Condos that Require Repairs

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In: Home Equity News

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Similarly, as certain guarantors have fixed necessities for endorsing skyscraper townhouses following the Champlain Towers breakdown in Miami Beach last year, presently contract banks are distinctly overhauling loaning rules. The moves could make deals of some townhouse units troublesome orContinue Reading