New Relationship Provides Preferential Pricing, Professional Development Benefits to Lenders One Members
MCLEAN, VA--(Marketwired - Jan 6, 2016) - Freddie Mac (OTCQB: FMCC) today announced a new relationship with the Lenders One® Mortgage Cooperative, a national alliance of independent mortgage bankers, correspondent lenders and suppliers of mortgage products and services based in St. Louis, Missouri. Freddie Mac finances an estimated one-in-four residential mortgages in the United States.
The new alliance will give Lenders One members who are Freddie Mac Seller/Servicers pricing and execution benefits, enhanced access to mortgage products, and professional training and development opportunities.
"Freddie Mac is pleased to team up with Lenders One and help its members reach more eligible borrowers, achieve new efficiencies in the origination process and build strong, competitive businesses," said Chris Boyle, Senior Vice President of Single Family Sales and Relationship Management at Freddie Mac. "We look forward to working with Lenders One's leadership and members to achieve our shared commitment to help America's working families become successful long-term homeowners."
"We are committed to forming valuable alliances for our members," said Daniel Goldman, Interim Chief Executive Officer, Lenders One. "This relationship enables us to further support our members in growing originations and gives them additional opportunities to increase engagement in the increasingly dynamic housing market."
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 financial and other information contained in the documents that may be accessed on this page speaks only as of the date of those documents. The information could be out of date and no longer accurate. Freddie Mac does not undertake an obligation, and disclaims any duty, to update any of the information in those documents. Freddie Mac's future performance, including financial performance, is subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect the company's future results are discussed more fully in our reports filed with the SEC.