Freddie Mac expands online offerings and enhances productsMortgagePress.comFreddie Mac, Loan Prospector, web-based selling system Freddie Mac has announced that during the summer, it will make several additional products available via its Web-based selling system, as well as make significant changes to certain products. The products to be added to Freddie Mac's Web-based selling system, as well as its Loan Prospector automated underwriting service, include 20 new types of adjustable-rate mortgages, as well as several new types of 40-year, fixed-rate mortgages and federally insured rural housing mortgages. In addition, Freddie Mac will be adding a 40-year, fixed-rate option to its Home Possible mortgage suite and revising its property insurance requirements to make coastal home buying more affordable. Based in McLean, Va., Freddie Mac is a government-sponsored enterprise that purchases mortgages and related securities and then issues securities and bonds against them. For more information, visit www.freddiemac.com.