Berkshire Mortgage Finance, Boston, now services more than $3 billion of Freddie Mac multifamily mortgage loans, the company has announced.The milestone means Berkshire Mortgage Finance is Freddie Mac's second-largest multifamily loan servicer. Berkshire Mortgage Finance is the largest privately held commercial mortgage lender in the United States, servicing a total portfolio of more than $15 billion. Berkshire said it is also Freddie Mac's third-largest Program Plus correspondent this year.
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The Request for Information follows Pres. Trump's March 13 executive order, "Promoting Access to Mortgage Credit," the Bureau said.
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Community lenders, mortgage bankers and homeowners associations want more time to gear up for certain changes but officials see reasons to stay on track.
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Retail lender Rate separately launched yet another non-mortgage brand, with outdoor saunas and other furnishings following a high-end performance wear line.
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June purchase demand strengthened, refinances remained steady and pull-through improved, reversing May losses.
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The move is designed to align the two Utah-based businesses under a single unique name and comes two years after the bank acquired the home lender in 2024.
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Federal Reserve Bank of Dallas President Lorie Logan said at an event Thursday that conducting monetary policy actions through a third party would improve efficiency and make markets stronger.
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