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Home » Store » Taxable » Freddie Urges Lenders to Update Systems

Freddie Urges Lenders to Update Systems

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As it prepares to introduce a new mortgage program, “Home Possible,” designed to make homeownership more accessible for lower-income borrowers, Freddie Mac is advising lenders to make sure that their automated systems are ready to handle the new orders through Loan Prospector. Also, Freddie is stepping up efforts to get lenders to abandon the old-fashioned version of LP known as “Loan Prospector Classic,” with the goal of eliminating that version entirely by March 2006 and…
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