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Secondary Market

Freddie Mac Updates Servicing Guidelines

Freddie Mac released a join bulletin with Fannie Mae Wednesday that updates its guidelines for standard servicing policies, which are unrelated to its special initiatives to aid those affected by the hurricanes that have ravaged the continental United States.

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Hurricane Harvey: Following the Flood

It has been three days since Hurricane Harvey made landfall off the coast of Texas, and shows little sign of letting up anytime soon. Houston, in particular, was especially ravaged by the deluge, which received 25 inches of rain in two days. But many properties with federally-insured mortgages sit outside Special Flood Hazard Areas, and aren’t required to have flood insurance . . .

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Quality Over Quantity

FHFA Director Mel Watt said the topic of alternative credit score models has been among the most difficult evaluations he’s undertaken in his tenure, and with all the arguments for and against it, it’s understandable why.

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Freddie Mac is ACE

Through its new automated collateral evaluation (ACE), Freddie Mac is working to automate its appraisals for potential homebuyers and homeowners looking to refinance. Take a look at when it will become available and how properties qualify here.

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JPMorgan CEO on Trump

Jamie Dimon of JPMorgan Chase released an official comment in response to the disbanding of President Trump’s manufacturing and business advisory councils, outlining his thoughts on the responsibilities of a leader.

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The Right Leader, the Right Time

Freddie Mac announced on Thursday that Stacey Goodman will join Freddie Mac as EVP and CIO. Her tenure will begin on September 25, 2017. Goodman has over 25 years of technology experience in the financial services industry.

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