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Tag Archives: Freddie Mac

Paradatec’s WriteUCD Is Approved by Freddie Mac

Paradatec, Inc., based in Cincinnati, Ohio, announced Thursday its WriteUCD module has been verified as a technology integration vendor for Freddie Mac’s Loan Advisor platform as it satisfies the requirements of the GSE’s Uniform Closing Data files. A provider of optical character recognition solutions, Paradatec’s WriteUCD takes data from mortgage closing disclosure documents “in mere seconds per page” and then transfers it to the new required format. In fact, Paradatec claims to provide “quick and accurate identification of over 500 unique documents in the typical mortgage file,” and it is adapting to new industry standards.

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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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Cash Making a Comeback

It’s slim pickings in the housing market, and today’s dwindling inventory is prompting higher than normal cash sales. Usually, not many like to invest a lot of cash into real estate, so why the recent change?

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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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GSE Capital Put to the Test

Earlier today, the FHFA released the results of the Enterprises’ Dodd-Frank Stress Tests—as well as the total expected draw both companies will take from the Treasury. How does it all add up?

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Credit Score Facelift

As the years go by, technology progresses. New computers and cellphones, more efficient ways of handling paperwork—but what about credit reporting?

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Serving the Underserved

The question of how the government-sponsored enterprises could serve underserved markets, such as very low-income, low-income, and moderate-income families could recently have come that much closer to finding an answer.

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The Hurdles of Housing Inventory

Housing inventory is historically low, and it’s driving up home prices—and demand—across the country. But what’s causing the shortage and how can the market overcome it? New data has some answers.

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Delinquencies Just Keep Declining

According to new reports from Fannie Mae and Freddie Mac, both GSEs are experiencing big drop-offs in serious delinquency rates. But how are the Enterprises faring in other areas?

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