FEDERAL HOME LOAN MORTGAGE CORP - The following statement was released today by Freddie Mac (OTCQB: FMCC) and is attributed to David Lowman, executive vice president, Single-Family Business:
'Our forthcoming high loan-to-value (LTV) offering, which is scheduled to be available in October 2017, will allow eligible borrowers to refinance into more affordable and sustainable mortgages as interest rates continue to be at historic lows. We expect to carry through many of the most successful features of the Home Affordable Refinance Program (HARP), including its streamlined documentation requirements. In the interim, at the direction of the Federal Housing Finance Agency (FHFA), both Freddie Mac and Fannie Mae will continue to offer HARP through Sept. 30, 2017. We look forward to working with the FHFA and Fannie Mae to continue providing liquidity in the market and supporting American homeowners.'
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 The information could be out of date and no longer accurate.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.
Freddie Mac - Federal Home Loan Mortgage Corporation published this content on 25 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 August 2016 15:39:02 UTC.
Original documenthttp://freddiemac.mwnewsroom.com/manual-releases/2016/Freddie-Mac-Statement-on-High-Loan-to-Value-Refina
Public permalinkhttp://www.publicnow.com/view/86265A10844F386C1F98F2192E07EB5D81BB1EE5
