Posts by Chris Mock
Chris Mock was named vice president of Single-Family Quality Control in December 2011. In this position, Mock is responsible for the management and oversight of Freddie Mac's quality control underwriting and remedy management, as well as infrastructure for solutions that support these activities. He reports to Freddie Mac's Chief Enterprise Risk Officer. Previously, Mock spent over 20 years with a mortgage insurance company. He held various positions there within Risk Management, Underwriting and Claims Administration with responsibility for portfolio quality, credit policy, underwriting operations and claims management. Chris has a B.S., business administration, from East Carolina University.
One of the industry’s best-kept secrets is the steady decline in mortgage repurchase activity, at least for the mortgages Freddie Mac buys.
This year may bring the best home sales since 2007, according to the industry’s leading prognosticators (including Freddie Mac). Even if short-term rates start going up, mortgage rates are expected to stay low and attractive to homebuyers and mortgage refinancers. That should mean many of our customers may see bigger mortgage volumes this year than in a long time.
Without lender and investor trust in the quality of mortgage data and underwriting, credit for buying homes or refinancing existing loans would probably dry up. Today the mortgage industry faces the challenge of increasing the speed, transparency, and consistency of efforts aimed at improving mortgage quality and striving to keep it at that higher level across the entire housing cycle.