Freddie Mac’s FRED Program

Freddie Mac’s FRED Program

Back in October, Freddie Mac announced that Conventional and Target Affordable (TAH) loans with a balance under $15 million (not SBL) will now qualify under the “FRED” program. For you anagram aficionados, FRED stands for Fast, Reliable, Easy Decisions.  The FRED...
Freddie Mac Changes: What’s Happening Both Now and Later

Freddie Mac Changes: What’s Happening Both Now and Later

Here is a summary of the changes announced at last week’s seller/servicer conference that pertain to Freddie Mac PCA and ESA reports, as we have clarified them with Freddie Mac: Effective this week: Conventional and Target Affordable loans with a balance under $15...