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Freddie Mac unveils tool to help clear condo financing reviews faster

If you’re in the market to buy or refinance a condo, your mortgage application experience is about to get faster and perhaps even cheaper with mortgage giant Freddie Mac. On Friday Dec. 8, Federal Home Loan Mortgage Corp. rolled out a tool called Project Assessment Requests, which promises to quickly (and for free) indicate if a condo community qualifies for Freddie Mac financing. This tool, with the click of a few keys, spits out whether a condo community is either “project certified” or “not ....

Freddie Mac , Home Loan Mortgage Corp , Federal Home Loan Mortgage , Project Assessment Requests , Condo Freddie Mortgage Project Business Housing Jeff Lazerson News ,

Freddie Mac Enhances Condo Loan Originations With 'Project Certified' Designation

Freddie Mac Enhances Condo Loan Originations With 'Project Certified' Designation
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United States , Freddie Mac , Tanya Delia , Community Associations Institute , Community Home Lenders Of America , Condo Project Advisor , Project Assessment Requests , Freddie Mac Authorized , Community Home Lenders ,

Secondary, Processing, VOE, Subservicing; Conventional Conforming News; Affordability Study

Here in Louisville, at AgFirst’s Correspondent Lending Conference, much of the discussion involves going after builder business (“focusing on how fast they get paid so they can pay their subs”), rural programs (“know how to communicate with your clients, or else”), top producer success (“treat your processor like royalty, and fill out the information correctly in the first place,” “set boundaries,” “sell yourself, not rates”) and agriculture. In ag news, the amount of butter the U.S. has in cold storage is down 22 percent compared to a year ago, and the average price of Grade AA Butter is up 80 percent year over year: seasonal milk production is down, there were 11,000 fewer milk-producing cows on U.S. farms compared to a year ago, and dairy products that see seasonal surges like cream cheese and eggnog are eating into supplies of milk that would otherwise go into butter. As butter prices rise, people switch t ....

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