Duty to Serve

Freddie Mac – Sweat Equity Can Increase Homeownership – Dated February 7, 2019 – UPDATED MTP™- No Down Payment – Use Sweat Equity – NEW MTP™ and Chart – Sweat Equity Diagram – HomePossible®

Written By: Lloyd Rutherford, Staff Writer Some people are pretty handy when it comes to home improvement, and if they happen to be the one purchasing a home, this program may work quite well for them. Rule Synopsis: Freddie Mac introduced many enhancements for Sweat Equity as an eligible source of funds for down payment [...]

2019-03-11T09:18:39-05:00March 10th, 2019|

Freddie Mac News Center Bulletin – Introducing CHOICEHome – Dated December 6, 2018

Written By: Lloyd Rutherford, Staff Writer Freddie Mac has jumped into the Manufactured Housing pool with Fannie Mae.  In this article we highlight Freddie’s new program. Rule Synopsis: Freddie Mac is expanding their offering for manufactured housing due to their duty-to-serve initiative.  It is not too dissimilar to Fannie Mae’s MH Advantage. We will highlight [...]

2019-01-10T08:43:21-05:00January 10th, 2019|

Freddie Mac- Multiple Selling Guide Updates – Bulletin 2018-16 – Dated September 26, 2018-Effective Immediately-Sweat Equity and November 5, 2018-Community Land Trusts and Resale Restrictions

Written By: Lloyd Rutherford, Staff Writer Important updates and new ways to generate more loans from Freddie Mac. This update highlights changes to assist affordable housing by providing lenders with options to assist more borrowers. Read more to find new ways to add loans to your pipeline! Rule Synopsis: Freddie Mac is updating their selling [...]

2018-10-10T09:56:32-05:00October 10th, 2018|

Freddie Mac Multiple Guide Updates – Bulletin 2018-9 – Dated June 13, 2018

By: Lloyd Rutherford, Staff Writer We don’t often release servicing bulletins, but this one has a direct impact on the origination of Freddie Mac HomePossible® loans.  Read through this article to understand its impact and how you can use this to differentiate yourself from your competition. Rule Synopsis: Freddie Mac introduces a special program for [...]

2018-07-10T08:22:39-05:00July 9th, 2018|