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Stock impact report

Freddie Mac Tech Upgrade Meets Volatile Valuation In Self Employed Focus [Yahoo! Finance]

Federal Home Loan Mortgage Corporation (FMCC) 
NASDAQ:AMEX Investor Relations: freddiemac.com/investors
Company Research Source: Yahoo! Finance
Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Halcyon announced an expanded integration of its TrueTax dual source data verification solution with Freddie Mac's automated income assessment platform for self employed borrowers. The upgrade connects TrueTax directly into Freddie Mac's Loan Product Advisor system, aiming to automate cross verification of tax data for self employed applicants. The move is intended to help lenders assess income more efficiently and consistently, with potential effects on approval rates and processing times across the mortgage market. Federal Home Loan Mortgage (OTCPK:FMCC), trading at $5.28, sits at the center of this change in how self employed borrower income is assessed. The share price has seen sharp swings, with a 49.0% decline year to date and a 28.4% decline over the past month, while the three year return has been d Show less Read more
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