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We're committed to helping you realize new possibilities for your business
We are focused on helping you realize new possibilities to build and enhance your mortgage business in today's changing market – every step of the way. We are doing this by continually evolving our mortgage solutions and execution options, providing you with competitive and innovative tools to build your origination volume and meet your short- and long-term business strategies.
Build and enhance your origination volume
Through our unique and consultative approach to meeting your business needs, we offer a comprehensive set of mortgage products that meet the individual needs of your borrowers – including low down payment options that build Community Reinvestment Act (CRA)-eligible volume, ARM adjustment solutions that enhance customer loyalty and reduce loan runoff from your servicing portfolio, and niche-market opportunities to reach new markets.
Through our Single-Family Seller/Servicer Guide, you have access to the following mortgage products, and much more, to help you maintain and grow your origination volume.
- Increase your loan volume with Home Possible® Mortgages. Our Home Possible Mortgages provide you with an easy and convenient way to expand your reach to first time homebuyers, new immigrants, and low- to moderate-income borrowers. With options that include zero or low down payments and flexible credit terms, Home Possible and it's many opportunities offer exceptional possibilities to reach deeper into more markets and build CRA-eligible volume. Note that our delivery fee rate increase, effective for settlements on and after November 1, will not apply to purchase transactions Home Possible Mortgages when the income used to qualify the borrower, converted to an annual basis, does not exceed 80 percent of the applicable area median income. With this change we believe we are implementing a solid approach that meets the dual needs of managing market risks while preserving vital opportunities for first-time homebuyers, low- and moderate-income borrowers and others.
- Reach your ARM borrowers who are facing interest rate adjustments. As many ARMs are adjusting for the first time, we offer you an array of solutions that meet your borrower needs and build your business. Our competitive ARM adjustment solutions enable you to modify, convert, or refinance your existing ARM borrowers into a stable, fixed interest rate with ease – enhancing your customer relationships and reducing loan run-off.
- Attract first-time homebuyers with low down payment options. Use many Freddie Mac mortgage products to offer a variety of options for down payment and closing costs – ideal solutions for borrowers with strong credit but limited liquid assets. These include Freddie Mac 100, the most prudent 100% LTV offering in the marketplace, and Alt 97®, providing first-time homebuyers and move-up borrowers the opportunity to purchase a home with as little as three percent down, with funds coming from a variety of sources.
- Generate new niche market opportunities and drive more loan volume. With our Mortgages for Newly Constructed Homes offering, we offer you the opportunity to expand your origination options for borrowers seeking permanent financing for newly built homes, construction conversion, and renovations – with the benefit of an 18-month period to originate and underwrite; construct or renovate; and sell your loan to Freddie Mac.
Realize more possibilities with our competitive execution options
We're working with you every step of the way to help you realize more possibilities for your business with competitive execution options for more of the mortgages you're originating or holding in your portfolio. Whether you are looking to sell for cash to increase your liquidity and generate more funds to meet the needs of more borrowers, or swap for securities to optimize your profitability and leverage the balance sheet and other benefits of a solid securities execution, we have the options to meet your individual business strategies.
We'll work with you to find the right secondary sale option for almost all of your mortgage holdings, including:
- Fixed-rate Cash sale solutions that increase your liquidity, so you'll have funds to offer more mortgages to more of your borrowers, including servicing released and servicing-retained options.
- Guarantor executions that offer more balance sheet solutions over holding whole loans, earn yield on your assets while laying off the risk, and improve servicing value with several remittance cycle options.
- ARM cash or ARM securities executions for your flow business, or bulk sales of ARMs that offer increasingly competitive opportunities through our WAC ARM Cash and WAC ARM Guarantor executions. Learn more about our execution advantages for more of the ARMs you're originating or holding in portfolio in the ARM Execution article in this issue of Single-Family News.
Strengthen your portfolio strategies and manage risks with our advanced mortgage portfolio solutions
With challenges in today's market – from fluctuating interest rates to rising delinquencies – we have solutions and options to help you make your mortgage holdings work more effectively, while enhancing your portfolio strategy to mitigate credit, interest rate, and capital management risks. With a full-service, individualized approach to your portfolio needs, such as an analysis of the current market value of your holdings, or an analysis of the impact on that value from a small or large change in interest rates, our team of experts will help you find the right secondary market sale solution to reduce your risk exposure and maximize your profitability.
Our mortgage portfolio experts will work with you every step of the way, ensuring you realize optimum benefits today and position your mortgage holdings for future growth, by addressing your specific business strategies and helping you:
- Develop a mortgage portfolio strategy and sale solution to best meet your unique business objectives through purchases of a wide variety of products.
- Improve your return on capital with Freddie Mac securities or cash sales for your mortgage holdings.
- Optimize your balance sheet composition or allocation to restructure your balance sheet and manage your risk-based capital.
- Assess and manage credit, interest-rate, and other risks that can threaten your ability to compete.
Collectively, our competitive set of mortgage products, execution options, and portfolio solutions offer you many ways to realize new and profitable possibilities for your business. We're here for you every step of the way, and we look forward to working with you to help take your business to the next level.
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