News & Insights
May 13, 2024
2024 Cost to Originate Study
Digital-first lenders that leverage our technology solutions including Loan Product Advisor® (LPASM) to originate loans reduce costs and cycle times, increase pull-through rates, boost incremental yearly revenue and improve the borrower experience.
By The Single-Family Team, Freddie Mac
Industry trends, marketplace dynamics and much more.
Use the filters to find topics of interest or browse all articles to see the full range of available articles and insights.
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Technology Updates | September 7, 2021
Loan Product Advisor® v5.1.00 System-to-System Specification Production and CTE Dates Announced
Today Loan Product Advisor v5.1 production and customer test environment (CTE) dates were announced.
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News Articles | August 30, 2021
Freddie Mac Refi Possible℠ is Now Available
On August 30, 2021, we've made available Freddie Mac Refi Possible℠ to lenders to begin submitting loan applications using Loan Product Advisor or by manually underwriting. Read our quick steps on getting you started to engage with your eligible clients and successful submit Refi Possible loans.
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Technology Updates | August 27, 2021
August Loan Product Advisor Releases, Rental Income Updates and More
August Loan Product Advisor® (LPA℠) releases align with the most recent Single-Family Seller/Servicer Guide requirements, Amended and Restated Preferred Stock Purchase Agreement (PSPA), Freddie Mac Refi Possible℠ data requirements and additional improvements to help streamline the way you work. Additionally, check out the latest news related to rental income assessment and updates to asset and reserves feedback messages.
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News Articles | August 10, 2021
Freddie Mac Loan Advisor® Feedback Message Updates
To help you make quicker decisions and underwrite more loans, we’re improving our Freddie Mac Loan Advisor® feedback messages. Check out the latest updated messages to Loan Product Advisor® and Loan Quality Advisor® related automated collateral evaluation (ACE), Secured Overnight Financing Rate (SOFR) ARMs, rental income and more.
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News Articles | July 30, 2021
Testing Opportunities for Cash-Specified Payup Pricing Enhancements
We’ve got some upcoming testing opportunities for cash-specified payup pricing enhancements in the Loan Selling Advisor® customer test environment.
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Technology Updates | July 28, 2021
July Loan Product Advisor Releases
The July Loan Product Advisor® (LPA℠) releases align with the most recent Single-Family Seller/Servicer Guide updates and to help you streamline the way you work. They include updates to Freddie Mac Enhanced Relief Refinance® mortgages and a new filter functionality added to the assignment log to help improve the way you access information.
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News Articles | July 16, 2021
Market Condition Fee for Refinances Eliminated
At the direction of FHFA, we will no longer assess the 50 basis points, market condition credit fee in price for certain cash-out and “no cash-out" refinance mortgages, effective for settlements on and after August 1, 2021.
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News Articles | July 12, 2021
Freddie Mac Launches New CreditSmart® Suite of Educational Resources
To support our efforts and in celebration of the 20th anniversary of Freddie Mac’s CreditSmart®, we’re excited to announce we’ve relaunched our suite of free educational resources that are designed to provide consumers with the skills and knowledge to assist them through every stage of their financial capability and homeownership journey.
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Technology Updates | July 12, 2021
Cash Specified Payup Pricing Enhancements Coming to Loan Selling Advisor®
We’re incorporating the specified payup in your cash mandatory fixed-rate product level price results in Loan Selling Advisor®. This means you’ll no longer have to look at a separate grid or calculate an all-in price when generating a Freddie Mac price sheet or creating a cash contract.
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Technology Updates | July 8, 2021
June Loan Product Advisor Releases
June Loan Product Advisor® (LPA℠) releases align with the most recent Single-Family Seller/Servicer Guide updates and to help you streamline the way you work. We’ve also made changes because our clients spoke – and we listened. Check out how these improvements can help you get more accomplished in your day.
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