Skip to content
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Cart
  • Inside Mortgage Finance
  • MBS & ABS
  • The GSEs
  • The CFPB
  • Mortgage Trends
  • FHA/VA Lending
  • Nonconforming Markets
  • Data
    • Subscribe to Data
Home » Low Downpayment Spin-Off Pilot Loosens Eligibility Requirements
Looking to read the full article? Register for free access to IMFnews content today!

Low Downpayment Spin-Off Pilot Loosens Eligibility Requirements

September 30, 2016
In an attempt to cater to more diverse communities and likely drum up more business for its low downpayment program, Freddie Mac unveiled a new mortgage pilot with two lenders last week that loosens eligibility requirements. The program, Your Path, is different in that it is based on certain borrower characteristics and trends. It was launched with two nonbank lenders that specialize in serving the Hispanic community and low-income borrowers. It was announced during the national convention of the National Association of Hispanic Real Estate Professionals. New American Funding, headquartered in Dallas, and Las Vegas-based Alterra Home Loans are building on Freddie’s low downpayment Home Possible mortgage platform to create the pilot.
News Inside Mortgage Finance Inside The GSEs Originations
Purchase this article for $55.00
Subscribe To The Newsletter

Latest Imf News

  • Mortgage-Banking Income at Depositories Increases

  • Homes Staying on the Market Longer

  • Former Freddie CEO Raises Concerns on Changes to CRT Program

  • Existing-Home Sales Up Slightly in November

More Imf News

Featured Data

  • Largest Sellers See GSE Deliveries Wane in November

  • Third-Party Lenders Boost Market Share in Third Quarter

  • Bank Mortgage Repurchases Decline in Third Quarter

  • Mortgage REITs Up Agency MBS, Shed Non-Agency

More Featured Data

Featured Reports

  • Agency Seller-Issuer Profile: 3Q25 (PDF)

  • Mortgage Servicing Rights Report: 3Q25 (PDF)

  • Lender Profiles 2Q25: Top 25 (PDF)

  • GSE Repurchase Activity: Cumulative to Second Quarter 2025 (PDF Format)

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

View Results
  • About
    • About Inside Mortgage Finance
    • Contact Us
    • Advertising
    • Privacy Policy/Terms
    • Article Reprints/Web Postings
    • Copyright FAQ
  • Customer Center
    • Subscribe
    • Request a Sample
    • Account Inquiries
    • Change of Address
    • Change of Delivery Method
    • Data Licensing
    • Password Reminder
    • Group Subscriptions
    • Refunds
    • Renew Your Subscription
    • E-mail Newsletters
  • Mortgage Data
    • Origination
    • Servicing and Portfolios
    • Mortgage Insurance
    • Securitization
    • Agency MBS Activity
    • Non-Agency MBS Activity
    • MBS Investor Activity
    • ABS Activity
    • Commercial MBS Activity
    • Funding Activity
    • Earnings and Financials
    • Regulatory Data
    • Mortgage Rates and Terms
    • Subscribe to Data
    • Lender Profiles
    • HMDA Dashboard
    • Contacts Directory
    • Custom Data
    • Data Licensing
  • Reports
    • Data Reports
    • Industry Studies
    • Regulatory Reports
    • Statistical Annual
    • Free Reports

© Copyright 2025 Inside Mortgage Finance Publications
Design, CMS, Hosting & Web Development :: ePublishing