April 30th, 2013

Freddie Mac Launches New Online Tool for Lenders

Posted by at 9:33 am

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Freddie Mac today announced Loan Quality Advisor. This is a new online loan tool that gives lenders an automated way to identify credit, data and purchase eligibility issues before they deliver loans to Freddie Mac. By helping lenders spot and fix potential problems earlier in the loan manufacturing process, Loan Quality Advisor can make Freddie Mac’s purchase requirements more transparent and give lenders greater certainty in the loans they sell to Freddie Mac. Loan Quality Advisor also gives lenders Freddie Mac’s view of credit risk on mortgages that were not originated on Loan Prospector®, Freddie Mac’s automated underwriting service. Loan Quality Advisor marks the launch of Freddie Mac’s new Greater Purchase Certainty initiative to help lenders improve loan quality while making business with Freddie Mac more efficient and transparent for all Freddie Mac customers. Attribute to Mike Dawson, Vice President of...
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April 25th, 2013

Bay Equity Gives Back

Posted by at 7:00 pm

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We don’t only make loans happen at Bay Equity! Our employees are involved in their communities and as a company, we support a variety of great causes, including: American Cancer Society American Red Cross San Francisco Food Bank Sacramento Entrepreneurship Program Habitat for Humanity The Warrior Foundation Notes from grateful charities: 16th Annual American Cancer Society’s Golden Gate Invitational:  “I want to express my sincere gratitude for your generous participation and support. This year’s event raised $402,015, which brings the total amount raised since the tournament’s inception in 1997, to $5 million!!!! That amount is amazing and those dollars have an enormous impact on the fight against cancer by supporting research, education, advocacy and patient services. YOU are truly saving lives and creating a world with more birthdays.”  -Abby Neil Director, Special Events, California Division American Cancer Society, Inc. The Warrior Foundation: ...
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April 17th, 2013

HARP Has Been Extended!

Posted by at 9:46 am

The Home Affordable Refinance Program (HARP) has been extended to December 31, 2015. That’s more time for borrowers to get a lower interest rate or more stable mortgage if they owe more than their house is worth, make timely mortgage payments and the loan is owned or guaranteed by Fannie Mae or Freddie Mac. HARP Extension News Release...
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