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Freddie Mac Standardizes Down Payment Assistance Documents

Freddie Mac Standardizes Down Payment Assistance Documents

by Phil Hall | Dec 4, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Freddie Mac (OTCQB: FMCC) announced the availability of new, standardized mortgage documents designed to standardize down payment assistance (DPA) programs. Traditionally, subordinate lien documents were tailored to specific housing finance agencies (HFAs). In...
Freddie Mac Debuts Tool to Match Borrowers with Down Payment Assistance Programs

Freddie Mac Debuts Tool to Match Borrowers with Down Payment Assistance Programs

by Phil Hall | Oct 18, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Freddie Mac (OTCQB: FMCC) has launched DPA One, a tool designed to help mortgage lenders quickly find and match borrowers to down payment assistance programs. According to Freddie Mac, DPA One aggregates and showcases down payment assistance programs in a single,...
Wells Fargo Launches Down Payment Grant Program

Wells Fargo Launches Down Payment Grant Program

by Phil Hall | Aug 10, 2023 | Current News & Events, Mortgage Information, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

Wells Fargo (NYSE:WFC) Home Lending is now offering $10,000 Homebuyer Access grants that will be applied toward the down payment for eligible homebuyers who currently live in or are purchasing homes in certain underserved communities in eight major metro areas. The...
California Realtors Fault Legislators for Ignoring Homeownership Program in New Budget

California Realtors Fault Legislators for Ignoring Homeownership Program in New Budget

by Phil Hall | Jun 16, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The California Association of Realtors (CAR) has criticized the state legislature for omitting a homeownership assistance program in its 2023-24 state budget. The trade group issued a statement that declared it was “disappointed that the legislature failed to...
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