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Freddie Mac |
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Freddie Mac
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A mortgage originator could either commit to selling a mortgage to Freddie Mac at a specific price and pay a small application fee, or obtain pre-approval for a later purchase of a mortgage at a variable price (along with a degree of interest-rate risk protection) and pay a larger "commitment fee. The nation's home builders applauded House passage of legislation that would strengthen the regulation of government-sponsored enterprises Fannie Mae, Freddie Mac and the Federal Home Loan Banks, while preserving their mission. Freddie Mac has new loan products Mortgage giant Freddie Mac is touting a new duo of loan products that will help people buy a house with as little as $500 out of pocket, good news in markets like this one featuring record prices. |
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