Freddie Mac, Fannie Mae and FHA loan limits rise in 1996
Article Abstract:
The Federal Home Loan Mortgage Corp. (Freddie Mac), Federal National Mortgage Assn. (Fannie Mae) and the Federal Housing Administration (FHA) have raised their maximum loan limits in 1996. The 1.9% increase for single-family loans and mortgages at Freddie Mac and Fannie Mae is the first in three years. The maximum size of single-family loans that the FHA insures also increased by 1.9%. Freddie Mac's maximum loan limit is based on the increase in price of one-family conventionally financed homes reported by the Federal Housing Finance Board.
Publication Name: Secondary Mortgage Markets
Subject: Economics
ISSN: 0740-4271
Year: 1996
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Payment-behavior indicator to help at-risk borrowers
Article Abstract:
Freddie Mac has joined with the Mortgage Guaranty Insurance Corp. (MGIC) in making a delinquency management tool for the mortgage servicing industry. The new product is called EarlyIndicator and is an attempt to re-engineer delinquency management. The product combines the strengths of the PaymentProspector of Freddie Mac with the strengths of the Loss Mitigation Score of MGIC.
Publication Name: Secondary Mortgage Markets
Subject: Economics
ISSN: 0740-4271
Year: 1997
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