RealtyTrac named among fastest-growing companies

National Mortgage Professional

Oct 31, 2007

Freddie Mac introduces acquisition/rehabilitation loansMortgagePress.comProperty rehabilitation mortgage loans Freddie Mac has launched two first-lien products for borrowers seeking to finance both the acquisition and upgrade or rehabilitation of existing multifamily properties. The Freddie Mac Acquisition Upgrade Mortgage provides financing for cosmetic improvements, while the Freddie Mac Acquisition Rehabilitation Mortgage is available for more substantial improvements that allow borrowers to reposition properties in their respective markets. 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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Oct 31, 2007

People On The Move

MBA Appoints Rachel Kelley Legislative Affairs VP

Kelley's focus will be on Republican members in the House.

The Mortgage Bankers Association appointed Rachel Kelley as its vice president of legislative affairs, with a focus on advocating MBA's legislative and policy priorities on Capitol Hill, particularly among Republican members of the U.S. House of Representatives. Kelley bring...

Analysis and Data

Mortgage Applications Inch Up 0.3%

Despite a 50 basis point decline in rates over past six weeks, purchase activity remained approximately 20% lower than the previous year.

Mortgage applications saw a marginal uptick of 0.3% for the week ending Nov. 24, 2023, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. The results, however, have been adjusted to account for the Thanksgiving holiday. The ...