GSE Launches New Cash Benefit For Low-Balance Loan Segment
February 2, 2018
Beginning Feb. 1, Freddie Mac will offer a cash benefit to sellers of low-balance loan pools in the $175,000 to $200,000 range. Prior to the announcement, $175,000 was the cut off for cash payouts through the program These benefits are reserved for loan sellers that fit into niche loans sizes used for specified MBS pools. The new category targeted for cash deliveries are 30-year fixed-rate mortgages with loan amounts ranging from $175,000 to $200,000. A spokesman for Freddie said the change was made as a benefit to its customers.