Industry Briefs July 25, 2023
Freddie Mac Reports $1.4B in Single-Family Green Securities Issuance
Freddie Mac released its 2022 Green MBS Impact Report, which showed it issued $1.372 billion in Single-Family Green Mortgage-Backed Securities for the year.
From its start in 2021 to year-end 2022, Freddie Mac Single-Family Green MBS Issuance totaled nearly $2 billion unpaid principal balance of bonds, backed by more than 6,400 Freddie Mac mortgages secured by homes that met qualifying environmental-centric conditions.
“Freddie Mac has joined a growing movement of investors and other capital markets participants who are building a more robust market for environmentally focused investments,” said Freddie Mac’s Mark Hanson, Senior Vice President, Securitization. “The size of our Green MBS issuance doubled from 2021 to 2022, reflecting market demand for this type of product and the expansion of eligible collateral to include loans backed by homes with a qualifying Home Energy Rating System score. By meeting the needs of green investors in this way, we are making home possible for more individuals and families.”
Down Payment Resource Highlights Homebuyer Assistance Programs for People with Disabilities
Down Payment Resource, Atlanta, in recognition of July as Disability Pride Month, issued a report on 23 homebuyer assistance programs that are specifically designed to support people with disabilities and their family caregivers.
Down Payment Resource analyzed information including financial assistance range, availability, family caregiver support, accessibility modifications, layered assistance, program types and forgivable programs.
“Homeownership provides individuals with disabilities and their caregivers with greater independence and empowerment,” said Down Payment Resource Founder and CEO Rob Chrane. “It allows them to have control over their living environment, make decisions regarding accessibility modifications and customize their homes to meet their unique needs. This autonomy fosters self-confidence, dignity and a greater sense of belonging within the community.”
Experian Expands Verification Coverage
Experian, Dublin, announced consumers can share information directly from payroll services via Experian Verify when applying for credit, including mortgages.
The enhancement introduces Experian’s automated income and employment verification waterfall and helps lenders easily leverage both instant and permissioned technology with consumer consent to verify income and employment for more than 85% of the U.S. workforce.
It also helps lenders obtain information for gig workers, contractors, government employees and others.
Floify Launches New Features
Floify, Boulder, Colo., announced a number of new features for its mortgage automation technology.
Co-pilot Quick Assist accelerates clear-to-close and offers real-time support options. Dual AUS will keep the team in the loan flow and out of the LOS.
The tech firm also announced Floify for Teams, multifactor authentication and Borrower SSO to smooth transactions and improve security.
Additionally, Floify has an optional Customer Capture package to equip lenders with a free, retention-boosting home concierge service.
