Conventional Mortgage Stories

Conventional Mortgage Technology

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) Fannie-Freddie Regulator Issues Hearing Procedure Rule Office of Federal Housing Enterprise Oversight must conduct hearings on the record and give the subjects an opportunity to participate AOL.com December 28 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 Freddie Mac Nov purchase commitments at $5.106 bln CBSNews.com December 17 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 Facts About Clintons' Mortgage Deal 3/1 Jumbo loan @ 7.50% with no points has a margin of 2.75 percent LasVegasSun.com November 7 Freddie Mac Announces Record Earnings for Third Quarter 1999 Third Quarter 1999 Earnings Per Share Up 29 Percent CBSNews.com October 19

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