Tag Archives: Freddie

Freddie Mac rolls out direct deposit income verification

Potential homebuyers seeking Freddie Mac-backed mortgages will no longer have to hunt for paper pay stubs to verify their income. Freddie Mac announced on Wednesday that it will roll out an automated process that allows mortgage lenders to assess a prospective homebuyer’s direct deposit income. Freddie Mac claims this would reduce the paper documentation burden on […]

What is the difference between Fannie Mae and Freddie Mac and what does it mean to you?

Solar Panels And How They Affect The Sale Of Your Home By Dottie Spitaleri • 16 Mar, 2022 • When you sell your home, t. may be a lien on the title for your solar panels. If the panels are not paid for, you need to pay them off. The amount is based on what […]

Mortgage rates soar to 4.42% following rate hike According to the Freddie Mac‘s PMMS survey, rates climbed 26 basis points to 4.42%

The rollercoaster is still climbing. Mortgage rates are approaching 4.5%, a level economists forecasted would not be reached until the tail end of 2022. And t.’s good reason to believe mortgage rates will be in the 5% range before too long. According to data from Freddie Mac‘s PMMS survey, mortgage rates on the traditional 30-year fixed-rate mortgage jumped […]

Nearly $2B in Fannie Mae, Freddie Mac servicing is up for sale

Mortgage Industry Advisory Corp. is brokering for an unnamed mortgage banker a $1.94 billion Fannie Mae and Freddie Mac mortgage servicing rights portfolio. The offering comes at a time when a number of industry participants, including executives at Rocket Cos. during its fourth quarter earnings call, are commenting on an uptick in MSR sales activity. […]