As 2019 comes to an end, the mortgage industry is wrapping up a rollercoaster of a decade on a high note. It appears that some valuable lessons have been learned when it comes to planning ahead and lenders are focused on better tools to help them expand their footprints without taking on unnecessary risks.
Join us for an interview with HousingWire Insider Shannon Faries. “A major benefit technology provides is risk mitigation and increased profitability for lenders. However, lenders won’t invest in new technology if they don’t feel confident offering construction loan programs in the first place.” Originally posted in HousingWire June 2019.
Freddie Mac has officially announced their new renovation loan product, CHOICERenovation. This new program brings Freddie Mac into the renovation lending space and positions itself as an alternative to the Fannie Mae Homestyle Renovation program. See this post for details on the offering and comparison with Fannie Mae Homestyle.