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Fannie Mae And Freddie Mac Announce “Mission Index”

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac announced this week the release of their “Mission Index,” updating or expanding their single-family social bond framework to better communicate the goals of the index to stakeholders and investors. The GSEs issued separate announcements and a joint statement. Freddie Mac updated its

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Fannie Mae Updates HomeReady, Provides Temporary $2,500 Credit

Fannie Mae has announced updates to its HomeReady product, including a temporary $2,500 credit for very low-income purchase borrowers to use for down payment and closing costs.  Another step the government-sponsored enterprise took was to enhance the best efforts commitments on HomeReady loans. It allows lenders to lock in margins and

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Reverse Wholesaler Smartfi Selects LoanPASS As Technology Partner

San Diego-based reverse mortgage wholesale lender Smartfi Home Loans has forged a partnership with LoanPASS to use the technology company’s software-as-a-service (SaaS) product and pricing engine in its reverse lending operations. Stating its desire to expand reverse mortgage wholesale lending through a series of inter-company partnerships, the new accord serves

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