In an SEC filing, the mortgage giant announced that it has entered into a “mutual non-disparagement agreement” with Donna Corley, departing head of single-family.
Freddie’s asset and income modeler, which became available nationwide this week, will short-circuit the 10-day verification of employment process for borrowers who opt in.
The rapid increase in interest rates seen in the first quarter took a big bite out of income from production and helped to goose servicing earnings. And while a downturn in originations was expected this year, it could be worse than expected.