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Mortgage Bankers Association and Freddie Mac Announce Alliance to Provide New Benefits to MBA Members

Mortgage Bankers Association and Freddie Mac Announce Alliance to Provide New Benefits to MBA Members

SAN DIEGO, CA–(Marketwired – Oct 19, 2015) – The Mortgage Bankers Association (MBA) and Freddie Mac (OTCQB: FMCC) today announced an alliance to offer MBA members a series of unique benefits and solutions designed to add value in today’s market. Through this partnership, eligible-MBA members will gain access to special mortgage product flexibilities and enhanced training benefits. This announcement was made at the Mortgage Bankers Association’s 102nd Annual Convention and Expo in San Diego, CA.

News Quotes:

Attribute to David Lowman, Executive Vice President, Single Family Division, Freddie Mac:

“Today’s announcement is the start of a promising new chapter in our long relationship with the MBA. This partnership will create an extraordinary opportunity for Freddie Mac to engage MBA’s members in ways that benefit their businesses and strengthen the housing finance system.”

Attribute to David H. Stevens, president and CEO of the Mortgage Bankers Association:

“MBA is proud to be partnering with Freddie Mac in order to offer new benefits and services to our member companies. We believe this will create cost savings for them and give them access to first-rate opportunities as a direct result.”

News Facts:

  • The Freddie Mac/MBA alliance will provide MBA members with dedicated Freddie Mac support, including a dedicated customer service line and account coverage, along with special product flexibilities and community outreach opportunities to help members reach more qualified homebuyers and reduce their bottom lines.
  • Additional benefits include access and discounts to Freddie Mac’s expansive educational and training courses, including MBA-member only webinars on an array of topics most relevant to members in the changing market.
  • Freddie Mac also offers a variety of tools and capabilities to support MBA members in the origination process, including Loan Prospector® and Loan Quality Advisor®.
  • With the alliance, MBA members will now be eligible to become a Freddie Mac Seller/Servicer at a reduced application rate and with dedicated support through the application process.
  • Additional alliance details will be available on freddiemac.com and mba.org.

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation’s residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Additional information is available at FreddieMac.com, Twitter @FreddieMac and Freddie Mac’s blog FreddieMac.com/blog.

The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,200 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, REITs, Wall Street conduits, life insurance companies and others in the mortgage lending field. For additional information, visit MBA’s Web site: www.mba.org.

Freddie Mac