The Smart Team of NOVA® Home Loans

Fannie/Freddie Legal News Not Helping Stockholders; Training and Events

Posted To: Pipeline Press

Are you lending in areas where LOs are receiving more calls from recruiters than they are from real estate agents? Let’s hope not. But here’s something else that’s going on: a blockchain project for syndicated loans is in the works . The R3 consortium of major financial institutions plans to unveil a blockchain-based ledger for syndicated loans in March. Transactions in this $4.5 trillion industry are still largely conducted by fax and the new system promises dramatic improvements in settlement times and efficiency. For better or worse, Fannie & Freddie can’t stay out of the news. If my daughter lived with me, and through her job she paid me, oh, let’s say $1 billion a month, would I be in a hurry to have her move out? Maybe not. Freddie Mac sent a $4.5 billion dividend…(read more)

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Source: Mortgage News Daily

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