Conventional Mortgage Stories

Conventional Mortgage Technology

Mortgage lenders in co-op to manage market downturn Coalition of 20 mortgage companies expects to fund >$10 billion in 2000 CBSNews.com January 26 TEAM PLAYER Former 2nd in charge at Fannie Mae to run Smithsonian WashingtonPost.com January 25 MBA Applauds Fannie Mae’s "Open Book" Calls For Regulatory Assurance That Mortgage Consumers Are Well And Fairly Informed MBAA.org January 24 Freddie Mac Earnings Up 27% for Quarter Earnings for the three months ending Dec. 31 were $594 million WashingtonPost.com January 19 IndyMac Reports Record Annual Earnings of $115.9 Million in 1999 e-MITS.com Internet Fundings Total $2.3 Billion for 1999, up 327% Over 1998 AOL.com January 19 WORRIES OVER THE FED AND INFLATION WILL BE A MAJOR INFLUENCE IN THE FIRST QUARTER 2000 ECONOMY Freddie Mac economic outlook FreddieMac.com January 19 Fannie Mae Chairman and CEO Franklin D. Raines Calls for Mortgage Consumer Bill of Rights Government Sponsored Enterprise opens up AU criteria FannieMae.com January 14 Fannie Mae Reports Record Profits Mortgages portfolio grew to $523 billion as of Dec. 31 from $415 billion a year earlier LasVegasSun.com January 13 CONFORMISTS Conforming loan amount increases to $252,700 ChicagoTribune.com January 9 Fannie Mae, Freddie Mac Set For Strong Quarter Despite Higher Rates Investors less optimistic than analysts DowJones.com January 6 HUD Steps Up Probe Of Automatic Underwriting Systems Fannie trying to keep proprietary AU criteria confidential WSJ.com January 4 (subscription required) New York, California Reportedly Investigating 'Pool' Mortgage Insurance Mortgage Insurance Anti-Kickback law violations WSJ.com December 28 Prism Fincl To Sell Most Of Agency-Eligible Mtge Loans Strategic alliance with Fannie Mae includes technology integration, ancillary business services and market expansion AOL.com December 22 New Century Receives Approval From Freddie Mac AOL.com December 21 Wash. Mutual. Franchise Finance In Loan Sale, Buy Pact Washington Mutual said it expects to buy a total of about $4-$5 billion of Franchise Finance's loans during the three-year agreement and retain them in its portfolio AOL.com December 15 Fannie Mae Weekly Yield Yields for December 10, 1999 FannieMae.com December 13 FREDDIE MAC ANNOUNCES YEAR 2000 LOAN PURCHASE LIMITS $252,700 maximum loan amount effective 1/1/2000 FreddieMac.com November 29 MORE THAN TWO-THIRDS OF REFINANCING HOMEOWNERS TAPPED INTO EQUITY IN THE THIRD QUARTER OF 1999 Freddie Mac’s quarterly refinance review for 3rd quarter 1999 FreddieMac.com November 29 HOME PRICES SOAR, BUT IN SOME REGIONS ACTION REMAINS SLOW The Federal Housing Finance Board government survey, which is used to set the dollar limit on loans that can be purchased by Fannie Mae and Freddie Mac ChicagoTribune.com November 21 Fannie Mae Yields Posted yields for November 5, 1999 FannieMae.com November 8

FREDDIE MAC TO MAKE LOAN PROSPECTOR® ON THE INTERNET AVAILABLE TO RETAIL LENDERS IN 2000 FreddieMac.com January 18 FREDDIE MAC UNDERWRITERS PLAN TO MARKET NEWEST FIVE-YEAR REFERENCE NOTESM SALE USING THE INTERNET Merrill Lynch & Co. and Warburg Dillon Reed to Initiate Web-based Bond Platforms FreddieMac.com January 4 Fannie Mae and First American Financial to Provide Lenders with Electronic Access to More Products on MORNETPlus Network Appraisals, Flood Certificates, and Title Insurance in Offering FannieMae.com December 21 FREDDIE MAC PROVIDES LOAN PROSPECTOR® USERS WITH UNPARALLELED CREDIT REPORT OPTIONS, CHOICES Lenders can now obtain a merged credit report with their approval from the internet, with one input for Loan Prospector & credit report FreddieMac.com October 4 Fannie Mae Enhances Desktop Underwriter Version 4.5 Includes New Features to Help Lenders Offer More Products, Reach More Borrowers FannieMae.com September 27 Fannie Mae and Chicago Title Corporation Team-Up to Provide Lenders With Appraisal and Flood Information Over MORNETPlus Network FannieMae.com September 22 Webster Mortgage Wins Fannie Mae's National Technology Leadership Award Webster Bank wins award because of its innovative use of technology to streamline the mortgage process FannieMae.com September 10