Advertising Council and NeighborWorks launch foreclosure prevention campaign

Jul 12, 2007

Freddie Mac enhances financial literacy curriculum and loansMortgagePress.comFinancial literacy courses Freddie Mac has enhanced its CreditSmart multilingual financial literacy curriculum, by adding new material that focuses on homeownership preservation, including foreclosure prevention, planning for emergencies, property maintenance and avoiding financial traps. In addition, Freddie Mac has expanded the baseline business terms of its Freddie Mac Interest-Only Fixed-Rate Mortgage, to make more interest-only financing available to its customers, and will allow more yield maintenance flexibility via its Freddie Mac Treasury Plus Yield Maintenance option. 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, call (703) 903-2000 or visit www.freddiemac.com.

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Jul 12, 2007

Regulation and Compliance

No FHA-Insured Loans For Non-Permanent U.S. Residents

In March 26 letter, HUD states change is effective May 25, aligns with Trump Administration policies

In a policy shift announced today, non-permanent U.S. residents will no longer be eligible for mortgages insured by the Federal Housing Administration (FHA), part of the U.S. Department of Housing and Urban Development (HUD). The change, detailed in a March 26 letter HUD...

Regulation and Compliance

GSEs Ordered To Terminate Special Purpose Credit Programs

Fannie Mae’s and Freddie Mac’s current support for such SPCP programs is ‘inappropriate,’ FHFA has determined

In a directive issued March 25, Decision No. 2025-145, Federal Housing Finance Agency (FHFA) Director Bill Pulte ordered Fannie Mae and Freddie Mac to terminate “Special Purpose Credit Programs,” or SPCPs, that they support. The directive describes such programs as those ...