MCLEAN, Va., April 4, 2011 /PRNewswire/ -- Freddie Mac (OTC Bulletin Board: FMCC) and Capital Markets Cooperative (CMC), a Florida-based provider of services and expertise that reduce risk and maximize profits for mortgage bankers, have announced the renewal of their two-year old strategic alliance.
- CMC-partnered mortgage bankers have access to methods of execution historically limited to only those with large volume and high levels of expertise.
- Freddie Mac-CMC strategic alliance gives CMC members access to higher-level, more sophisticated capital markets execution.
- Provides CMC members with preferred pricing on all executions at Freddie Mac's cash window, free introductory use of Loan Prospector® and discounts on training for large and small groups.
- The Freddie Mac-CMC strategic alliance was originally announced in July 2009.
Attributable to Mike Koch, Freddie Mac Vice President, Offerings Market Management:
"We look forward to helping CMC's members achieve high-level capital markets executions with Freddie Mac's business services and mortgage products. We are proud of our alliance with CMC, which underscores Freddie Mac's commitment to supporting today's housing market and our customers' needs."
Attributable to CMC President Tom Millon:
"We're thrilled about the renewal of our alliance. Freddie Mac is a great CMC partner and one of the largest players in the secondary market. Our Patrons will have access to competitive pricing on the loans they deliver to Freddie. Combine that with the access to Loan Prospector for new users and the training Freddie Mac provides its strategic alliance partners and you can see how this is a huge win for CMC members."
About Capital Markets Cooperative
Capital Markets Cooperative (CMC) provides mortgage bankers with the economies of scale and the expertise that reduce risk and maximize profit in the secondary market. Regarded as the premiere secondary marketing specialists in the industry, CMC has worked with financial institutions nationwide to break traditional barriers in capital markets and take performance to the next level of profitability. To date CMC executives have managed more than $500 billion of mortgage volume. For more information about Capital Markets Cooperative, visit www.capmkts.org or call 904.543.0052 or e-mail [email protected].
About Freddie Mac
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nations residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.
SOURCE Freddie Mac