In an effort to reduce closing costs for low-income and first-time homebuyers, Freddie will now allow lenders to replace title insurance with attorney opinion letters in all but one state.
Even though the mortgage market continued to struggle, Fannie Mae and Freddie Mac generated healthy profits in the first quarter of 2023 thanks to their business models.
Risk management activities in Freddie's multifamily business generate $1 billion in revenues in the first quarter, more than doubling its 4Q23 figures.