Freddie Mac, Fannie Mae and FHA loan limits rise in 1996

Article Abstract:

The Federal Home Loan Mortgage Corp. (Freddie Mac), Federal National Mortgage Assn. (Fannie Mae) and the Federal Housing Administration (FHA) have raised their maximum loan limits in 1996. The 1.9% increase for single-family loans and mortgages at Freddie Mac and Fannie Mae is the first in three years. The maximum size of single-family loans that the FHA insures also increased by 1.9%. Freddie Mac's maximum loan limit is based on the increase in price of one-family conventionally financed homes reported by the Federal Housing Finance Board.

Mortgage bankers and correspondents, Mortgage Bankers, Real Estate Credit, Fannie Mae Corp., Mortgage banks, United States. Federal Housing Administration

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Payment-behavior indicator to help at-risk borrowers

Article Abstract:

Freddie Mac has joined with the Mortgage Guaranty Insurance Corp. (MGIC) in making a delinquency management tool for the mortgage servicing industry. The new product is called EarlyIndicator and is an attempt to re-engineer delinquency management. The product combines the strengths of the PaymentProspector of Freddie Mac with the strengths of the Loss Mitigation Score of MGIC.

Direct Property and Casualty Insurance Carriers, Surety insurance, Fidelity Bonds, Financial services industry, Financial services, Prevention, Information management, Foreclosure, Secondary mortgage market, Mortgage Guaranty Insurance Corp.

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