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2. Verification of employment - Wikipedia

   en.wikipedia.org/wiki/Verification_of_employment

   Verification of Income and Employment (VOIE) is a process [1] used by banks and mortgage lenders in the United States to review the employment history of a borrower, [2] to determine the borrower's job stability and cross-reference income history with that stated on the Uniform Residential Loan Application (Form 1003). Lenders require complete ...

3. Home valuation code of conduct - Wikipedia

   en.wikipedia.org/wiki/Home_valuation_code_of_conduct

   Also, effective for single-family mortgages made after May 1, 2009, Freddie Mac seller/servicers must represent and warrant that the appraisal report is obtained in a manner consistent with the Code. Certain types of mortgages are excluded from the Code, including: FHA/VA mortgages, Section 184 Native American mortgages, and section 502 ...

4. Conforming loan - Wikipedia

   en.wikipedia.org/wiki/Conforming_loan

   This is because both Fannie Mae and Freddie Mac only buy loans that are conforming, to repackage into the secondary market, making the demand for a non-conforming loan much less. By virtue of the laws of supply and demand, then, it is harder for lenders to sell the loans, thus it would cost more to the consumers (typically 1/4 to 1/2 of a percent.)

5. Freddie Mac - Wikipedia

   en.wikipedia.org/wiki/Freddie_Mac

   The Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, is an American publicly traded, government-sponsored enterprise (GSE), headquartered in Tysons, Virginia. [ 3 ] [ 4 ] The FHLMC was created in 1970 to expand the secondary market for mortgages in the US.

6. Fannie Mae vs. Freddie Mac: What’s the difference? - AOL

   www.aol.com/finance/fannie-mae-vs-freddie-mac...

   As of 2023, Fannie Mae and Freddie Mac support around 70 percent of the mortgage market, according to the National Association of Realtors. That means the majority of conventional loans, those ...

7. Fannie Mae and Freddie Mac aren’t your neighbors - AOL

   www.aol.com/finance/fannie-mae-freddie-mac-aren...

   Each year, Fannie Mae and Freddie Mac set a baseline conforming loan limit, adjusting it for high-cost areas. For 2025, the baseline limit is rising from $766,550 to $806,500.

8. Mortgage Principal Reduction on Freddie Mac Loans? - AOL

   www.aol.com/news/2012-03-26-freddie-mac...

   By Jon Prior Freddie Mac CEO Charles "Ed" Haldeman gave a strong signal Friday that new incentives from the Treasury Department may be enough to start principal reduction on mortgages backed by ...

9. Mortgage underwriting in the United States - Wikipedia

   en.wikipedia.org/wiki/Mortgage_underwriting_in...

   Fannie Mae and Freddie Mac are the two largest companies that purchase mortgages from other lenders in the United States. Many lenders will underwrite their files according to their guidelines, but to ensure the eligibility to be purchased by Fannie Mae and Freddie Mac, underwriters will utilize what is called automated underwriting. This is a ...