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November 2007
In This Issue...

From Loan Prospector® to Home Possible® Mortgages, we're helping you achieve success

Now, more than ever, Loan Prospector delivers the solutions you need to achieve long-term business success in any market condition. Loan Prospector offers you powerful risk management capabilities that provide ready access to Freddie Mac's credit and purchase terms and sound automated underwriting for a wide variety of mortgage products, including our affordable lending suite of Home Possible® Mortgages.

Make home possible for more of your borrowers

While the number of affordable home financing options continues to dwindle, Home Possible Mortgages remain a steady source for effectively reaching low- and moderate-income borrowers with low down payment financing options, flexible credit terms, and even 40-year fixed rate mortgages to enhance purchasing power for borrowers living in high-cost housing areas.

  • Home Possible 100 Mortgages – This 100 percent financed mortgage is ideal for first-time homebuyers who may have less-than-perfect credit or limited savings.
  • Home Possible 97 Mortgages – With a three percent down payment that can come from borrower personal funds, gifts, grants, or approved second loans, qualified borrowers can finance a wide range of properties.
  • Home Possible Neighborhood Solution Mortgages – Offers zero or three percent down payment mortgages with special features to make homeownership more accessible to qualified members of the U.S. Armed Forces and National Guard, as well as police officers, firefighters, health care professionals, and educators.

Save with free Loan Prospector Caution submissions

Loan Prospector continues to streamline your loan origination process with features that save you time and money, such as our free Loan Prospector Cautions on first submission. With no Loan Prospector transaction fee for all conventional/conforming submissions that receive a Loan Prospector Caution risk class on first submission, we're helping you to cost-effectively find the best home financing solutions for your borrowers.

Realize new possibilities for your business

When you take advantage of our extensive training opportunities and education resources, many of which are available at no cost to you, we'll help you get the most out of Loan Prospector and our mortgage products with classes like:

For more information

Visit LoanProspector.com to learn about the latest Loan Prospector enhancements, as well as additional tools and resources that will help simplify your loan origination process.


© 2008 Freddie Mac