Tag Archives: Freddie Mac

Currently, the GSEs use the FICO credit score model, which critics say is outdated and less granular than more recent models, however, FICO begs to differ.

Paradatec, Inc., based in Cincinnati, Ohio, announced Thursday its WriteUCD module has been verified as a technology integration vendor for Freddie Mac’s Loan Advisor platform as it satisfies the requirements of the GSE’s Uniform Closing Data files. A provider of optical character recognition solutions, Paradatec’s WriteUCD takes data from mortgage closing disclosure documents “in mere seconds per page” and then transfers it to the new required format. In fact, Paradatec claims to provide “quick and accurate identification of over 500 unique documents in the typical mortgage file,” and it is adapting to new industry standards.

When it comes to potential homebuyers as well as homeowners looking to refinance, Freddie Mac is turning to automated appraisals—at least if the property passes its automated collateral evaluation, or ACE.

Inventory is tight, which is driving more buyers to pay cash for their homes instead of taking more traditional avenues to secure a loan. See what’s driving this trend here.

Freddie Mac announced on Thursday that Stacey Goodman will join Freddie Mac as EVP and CIO. Her tenure will begin on September 25, 2017. Goodman has over 25 years of technology experience in the financial services industry.

Lenders are doing their best to combat rising home prices to get more people in a home. See the different ways securing a mortgage is getting easier in this Video Spotlight.

We’ve had FICO Score 2, 3, 4, 5, 8, and now 9, so why is FICO 4 still the GSE requirement for originators to use?

Reports from Fannie Mae and Freddie Mac show that both Enterprises have experienced big declines in delinquency rates as of late. What else does performance data show?

Keeping Fannie Mae and Freddie Mac as-is? That’s no longer an option according to remarks heard by the Senate Committee on Banking, Housing, and Urban Affairs today. But what’s necessary to push through reform? And what would the agencies look like on the other side? Today’s hearing offered much-needed insight.

Two Senators could be drafting legislation to split up Fannie Mae and Freddie Mac, according to Bloomberg. The move would be made in an effort to increase competitiveness in the secondary mortgage market. What's their plan, and how might it affect the secondary mortgage market?