Advertisement
Premium Capital Funding becomes Topdot Mortgage
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.
About the author