McLEAN, Va. – Credit unions that have relationships with Freddie Mac should expect to find in the coming months a vast array of new products and upgrades to the company's Web-based Selling System.
Among the new announcements the housing Government Sponsored Enterprise expects to make are a new array of 40-year fixed-rate mortgages, 20 more adjustable-rate mortgage products and federally insured rural housing mortgage products to its Loan ProspectorT automated underwriting service.
Freddie Mac officials also announced the housing Government Sponsored Enterprise is shoring up its flagship suite of Home PossibleT affordable mortgage products by adding a special 40-year fixed-rate option and providing lenders with more competitive selling options.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
