Because you want to close more low-down payment mortgages and here’s how.
In December 2014, Freddie Mac officially rolled out 97% loan-to-value products. At the time, officials from the Federal Housing Finance Agency said that they expected the low-down payment loans to represent a small portion of the government-sponsored enterprises’ business moving forward.
In 2015, high-LTV loans represented only approximately 1% of the total GSE-backed originations.
Furthermore, the data surrounding the Millennial generation remains exceedingly promising. According to online lender Avant, only 3% of the nation’s 92 million Millennials currently have a mortgage.
This webinar will help lenders and servicers learn about recent changes to the Freddie Mac Home Possible Advantage mortgage program in order to confidently increase your Millennial market share.
Hear directly from Dan Gardner, vice-president of single-family affordable lending at Freddie Mac, and Ed Shanks, executive vice-president of national retail sales, at U.S. Bank Home Mortgage, on how this program can be used as an alternative to FHA-backed loans.
All your questions, answered:
- Why is now a good time to safely close more Home Possible Advantage mortgages?
- How can a lender inspire confidence in the Millennials to get a mortgage?
- What are some lessons for servicers when it comes to low down payment mortgages?
SPEAKERS:
» Jacob Gaffney
Editor-in-Chief, HousingWire.com
» Danny Gardner
Vice President, Affordable Lending and Access to Credit, Freddie Mac
» Edward C. Shanks
Executive Vice President, U.S. Bank Home Mortgage
NOTE: This is a fee-based on-demand HW Expert Webinar.
Cost: $99.00
Publisher: HousingWire
Original Webinar Date: March 3, 2016
Watch an on-demand replay:
