Freddie Mac, Quicken Loans partner to offer low-down payment mortgages Innovative new programs tailo

Freddie Mac and Quicken Loans are partnering to pilot a series of initiatives aimed at helping provide more Americans the opportunity to achieve homeownership.

The new partnership was announced at the Mortgage Bankers Association’s 102nd Annual Convention and Expo in San Diego, California.

Nearly 4,500 real estate finance professionals are in San Diego this week for the Mortgage Bankers Association's 102nd Annual Convention & Expo.HousingWire is covering the conference.

This is the latest in a series of initiatives by Freddie to juice the mortgage-lending market.

“We are proud to join Quicken Loans in a new partnership dedicated to increasing homeownership opportunities and simplifying the process of originating and delivering high quality mortgages,” said Dave Lowman, executive vice president of Freddie Mac's single family division. “The partnership has a simple goal. We are leveraging our unique strengths to explore simple straightforward approaches to mortgage products, technology and borrower outreach strategies.” READ MORE