Tag: Duty to Serve

Freddie Mac Selling Guide Updates – Bulletin 2019-22 – Dated November 6, 2019

Written by: Lloyd Rutherford, Staff Writer Working in the affordable lending arena is a great niche that with a little education will yield you some excellent results. This article highlights some of the opportunities and recent changes in affordable lending with Freddie Mac. Rule Synopsis: Freddie Mac is updating their selling guide for a variety […]

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FHLMC News Center Bulletin – Debunking Manufactured Housing Myths – The Facts – Dated March 7, 2019

Written By: Lloyd Rutherford, Staff Writer There are a lot of opportunities in market niches, and manufactured housing is one of them.  Now that Fannie Mae and Freddie Mac have joined in this market and worked with manufactured builders, the homes they are financing look great.  Take the time to educate yourself and your staff on […]

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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 […]

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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 […]

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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 […]

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