Posts by Robert Y. Tsien
Robert Y. Tsien was named Senior Vice President of Freddie Mac’s Models, Mission & Research Division in November 2012. In this role, Tsien is responsible for developing and implementing mortgage models that support business decisions, risk management, and financial reporting. He also oversees the Office of the Chief Economist and the Models, Mission and Research Department and serves on the company's Management Committee.
Pre-purchase financial counseling may reduce, by an average of 29 percent, the likelihood of a first-time homebuyer becoming seriously delinquent, according to the initial findings of a new analysis of 38,000 Freddie Mac mortgages made to first-time homebuyers and low- to moderate-income families between 2000 and 2008.