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Freddie Mac has certified six companies as meeting its requirements for creating, signing, and storing eNotes , i.e. electronic promissory notes. The company said it took this step to expedite and streamline the mortgage process by encouraging the use of digital documents. Four companies have completed Freddie Mac's full approval process, meeting the technical requirements to create, sign and / or store eNotes. They are Digital Delivery, eSign Systems, Fiserv, and Pavaso . Two additional companies -- DocMagic and eOriginal -- have provisional approvals as they go through the full review process. Freddie Mac said it has been actively purchasing eMortgages from sellers and servicers since 2005 and regularly accepts many electronic documents used in initial disclosures and electronic closings
Housing News
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Freddie Mac has certified six companies as meeting its requirements for creating, signing, and storing eNotes , i.e. electronic promissory notes. The company said it took this step to expedite and streamline the mortgage process by encouraging the us... (read more)
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Housing News
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The national foreclosure inventory rate, according to Black Knight Financial Services, fell below 1 percent in October for the first time since July 2007. That rate, which measures the number of mortgaged homes in the process of foreclosure, dropped ... (read more)
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Housing News
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While it will remain unchanged in 2017, the Consumer Financial Protection Bureau (CFPB), Federal Reserve Board, and Office of the Comptroller of the Currency (OCC) have issued a final rule regarding future adjustments to the threshold for appraisal e... (read more)
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Housing News
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It took ten years and change, but national prices as measured by the S&P CoreLogic Case-Shiller National Index have finally surpassed the previous pre-crisis high set in July 2006. The Home Price Index, which covers all nine U.S. census divisions... (read more)
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Rob Chrisman
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From Louisiana comes, “I doubt that HUD will be a high priority for Trump – perhaps it will be like Ronald Reagan’s view. Remember the story that President Reagan was making his way down a line of mayors visiting the White House, sh... (read more)
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Mortgage Rate Watch
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Mortgage rate s continued lower today. While the pace of improvement was slightly slower, it was enough to get the average lender rate sheet back to levels seen last Tuesday. That makes this the first time since before the election that rates haven't... (read more)
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freddiemac.mwnewsroom.com
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