Article: Freddie Mac's new approach.(Federal Home Loan Mortgage Corp.)

It was just six years ago that the biggest mortgage technology announcement ever rocked our industry. Microsoft Corporation, Freddie Mac, Chase Manhattan Mortgage, GMAC-RFC, Norwest Mortgage Inc. (now a Wells Fargo & Co. company) and Bank of America placed their collective weight behind HomeAdvisor Technologies Inc. By their own statements, these behemoths were set to "revolutionize the way homes are bought and sold, shaving weeks off of the mortgage-closing process and saving consumers more than $2,000 over the life of a loan by providing lower rates and reduced closing costs." Announced simultaneously was the acquisition of Tuttle Decision Systems Inc., a leading ...

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