Issue Number 113, March 29, 2000 Conventional Mortgage Stories Conventional Mortgage Technology Remarks Put Pressure On Fannie, Freddie Bonds Spreads increase 6-13 bp after Treasury Undersecretary comments suggest cutting implicit backing WashingtonPost.com March 24 Washington Mutual Named Top Conventional Wholesale Lender For Fourth Quarter 1999 Lender has 10% market share according to Origination News CBSNews.com March 24 Settling the credit score Fannie Mae announced plans to stop using the credit scoring system by Fair, Isaac & Co. MSNBC.com March 19 JUMBO DILEMMA SEARCH FOR AN OVERSIZED MORTGAGE CAN UNCOVER PROBLEMS ChicagoTribune.com March 19 REVISED FREDDIE MAC SINGLE-FAMILY SELLER/SERVICER GUIDE MEANS AFFORDABLE MORTGAGE FINANCING FOR MORE AMERICAN FAMILIES Loan Prospector driving simplification and standardization of negotiated contracts with lenders FreddieMac.com March 14 FANNIE MAE GIVES HUD INFORMATION ON 10 MILLION MORTGAGE LOANS FOR FAIR LENDING REVIEW HUD.gov February 23 HUD Hosts Forum on Mortgage Issues Forum looks at how well GSE's are supporting affordable housing opportunities PRNewswire.com February 10 Nearly 46 Percent of Fannie Mae's 1999 Financing Went to Low- and Moderate-Income Households Company Exceeded All Goals and Continues its Leadership in Minority Lending Individual.com February 7 SunTrust 'Maximizer' Program Offers Mortgage Loans Up to 103% of Home Value With No Downpayment CBSNews.com February 7 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 December 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 December. 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 FREDDIE MAC TO MAKE LOAN PROSPECTOR® ON THE INTERNET AVAILABLE TO RETAIL LENDERS IN 2000 FreddieMac.com January 18 Fannie Mae Unveils MORNETPlus on the Web Lenders Can Now Access Automated Underwriting and Other Mortgage Transaction Services on Fanniemae.com Fanniemae.com March 23 FREDDIE MAC UNDERWRITERS PLAN TO MARKET NEWEST FIVE-YEAR REFERENCE NOTES 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