Fannie and Freddie also have their own loan programs with distinct requirements. Though the two use similar underwriting programs, says Sonja Bullard, branch manager of Acopia Home Loans in Forsyth County, Georgia, Freddie's "automated underwriting tends to have more lenient findings than Fannie's." You could meet the criteria for one but not the other, or one could be better for you than the other. Fannie- and Freddie-backed loans have different borrower requirements. Fannie Mae buys mortgages from larger commercial banks, and Freddie Mac purchases them from smaller banks. A loan that meets Fannie's or Freddie's requirements "indicates a certain quality of borrower and underwriting standards" that investors can expect, much like the standards of quality consumers might expect from a Hershey's bar.įannie Mae vs. "That brown-and-white wrapper around a chocolate bar symbolizes a certain type of chocolate, flavor and quality, no matter where you find them in the world," Gilpin says. Brian Gilpin, senior vice president of capital markets at Embrace Home Loans, compares the Fannie Mae and Freddie Mac guarantee to a Hershey's wrapper on a chocolate bar. They accomplish this by purchasing home loans from banks, bundling those loans and then selling them to investors, which enables banks to finance more mortgages.Ī loan that meets the requirements to be purchased by Fannie Mae or Freddie Mac may also be called a c onforming loan.įannie and Freddie set the standards for the home loans they are willing to buy and guarantee payment of principal and interest to make the loans attractive to investors. Freddie Mac does not intend to support hiring any students, exchange visitors, or recent graduates on F-1, J-1, or M-1 visas, or any individuals requiring sponsorship for an employment based visa application (such as H-1B) in connection with these openings.These federally chartered, privately owned corporations are regulated by the Federal Housing Finance Agency and aim to provide liquidity, stability and affordability to the market in all economic conditions. The hired candidate must be legally authorized to work in the United States without restriction. Freddie Mac is an equal opportunity and top diversity employer.
Join our smart, creative and dedicated team and you’ll do important work for the housing finance system and make a difference in the lives of others. Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Seek and Embrace Change – Continuously improve work processes rather than accepting the status quo.Customer Focus – Deliver prompt and high-quality customer service.Drive for Execution – Treat obstacles as challenges to overcome, not excuses.Top Three Personal Competencies to Possess: Must be a team player and able to work collaboratively.Excellent interpersonal and facilitation skills.Exceptional communication skills, both written and verbal.Demonstrated ability to meet deadlines, take direction and work collaboratively.Familiarity with emerging corporate social media trends and best practices.Experience in effective, inspiring, inventive visual storytelling.Excellent written and oral communications skills.Expected graduation in either December 2020 or May 2021.
Available to work from May 2020 to August 2020.Currently working towards an undergraduate degree in communications or related field preferably a program with a strong writing emphasis.Working with our in-house design studio to develop visually compelling graphics, photography and videos for social media and Intranet.Writing headlines, summaries and articles for internal communications channels (Intranet, daily newsletter).Assisting with other weekly reporting activities and special projects as assigned.Supporting the execution of digital content strategies for multiple clients across our social media channels (Facebook, LinkedIn, Twitter, Instagram, Glassdoor).Writing short-form and long-form content such as social posts, blogs and press releases for external channels.
Responsibilities for this energetic, highly organized, self-starter include supporting the departments’ daily activities to write content and create creative designs for corporate communications. Public Relations, Internal Communications and the Creative Studio are looking for interns to support our content and creative strategies across our internal and external corporate communications channels.
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