Executive Perspectives Blog
Freddie Mac recently announced Loan Closing AdvisorSM
, Loan Product AdvisorSM
and Business Intelligence – new tools and functionality scheduled to go live this summer with Loan Advisor Suite
. Loan Advisor Suite is Freddie Mac's smart, end-to-end technology solution designed with lenders to help lenders deliver high-quality loans and acquire earlier insight into representation and warranty relief during the loan production process. Freddie Mac SVPs Andy Higginbotham and Christina Boyle discuss the impact on lenders.
Ah, spring – when people buy homes, find new places to rent, write checks, sign complex legal documents and – too often – fall victim to real estate fraud. That's why it is so important to know how to protect yourself from fraud before you sign along the dotted line on a lease or a closing document.
Millennials and other new households should be camping out at open houses, if history is any guide. Mortgage rates are low, averaging four percent. Twice as many housing markets are growing or stable compared to this time last year. And, the nation's 86 million millennials, plus America's rapidly growing immigrant communities, are expected to produce about 1.2 million new households a year for the next ten years, according to statistics from the Harvard Joint Center for Housing Studies and the Collingwood Group.
More important than talking about the dire need for rental housing that’s affordable to households earning low or moderate incomes is doing something to help change the situation. Actions, as the saying goes, speak louder than words.
Today Freddie Mac reported its fourth consecutive year of profitability, reporting net income of $6.4 billion and comprehensive income of $5.8 billion for the full-year 2015. Our solid performance last year was driven by our progress in building a better Freddie Mac, as evidenced by continued growth in purchase volumes in the guarantee businesses, including a multifamily record. We’re also building a better housing finance system by expanding credit risk transfer and efficiently disposing of legacy assets, thereby reducing taxpayer exposure to risk.