Freddie Mac announces standardized mortgage documents for DPA programs

Freddie Mac announces standardized mortgage documents for DPA programs

Freddie Mac rolled out standardized subordinate lien documents for subordinate mortgages offered by down payment assistance (DPA) providers to facilitate easier and greater use of DPA program. Historically, subordinate-lien documents for various... Read more »
Rocket TPO announces a 25 bps credit on non-owner-occupied agency loans 

Rocket TPO announces a 25 bps credit on non-owner-occupied agency loans 

Rocket Pro TPO, the wholesale arm of Rocket Mortgage, announced Monday a promotion related to the loan level pricing adjustment (LLPA) on agency mortgages for non-owner-occupied homes.  The announcement, made via social... Read more »
Fannie Mae President David Benson to retire as GSE announces leadership changes

Fannie Mae President David Benson to retire as GSE announces leadership changes

Fannie Mae announced a slew of leadership changes following the expected retirement of two senior executives. President David Benson will step down from his position in early to mid-2024 after 21 years at... Read more »
CoreLogic announces new augmented reality appraisal tool

CoreLogic announces new augmented reality appraisal tool

CoreLogic announced on Thursday the launch of “ScanToSketch,” an augmented reality (AR)-based property measuring and sketching tool to create home appraisal reports. Developed using CoreLogic’s appraisal software brand “a la mode,” the... Read more »