Lenders react to end of Freddie Mac 1% down payment mortgage offerings

Jul 28, 2017, 14:30 PM by User Not Found
CEO Mat Ishbia said in an interview, “I think that it’s a great program for consumers, and we are disappointed that Freddie Mac dropped the program.
0% down and 1% down mortgage offerings just started to gain traction in the industry when Freddie Mac announced it is changing the requirements and completely nixed its program option. 

United Wholesale Mortgage CEO Mat Ishbia said in an interview, “I think that it’s a great program for consumers, and we are disappointed that Freddie Mac dropped the program.

Ishbia, however, added, “We are proud to still offer it for our brokers despite Freddie pulling out of the program. We want to continue to support consumers.”

Click here to read the full article via HousingWire.
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