Co-op Forms Alliance With Fannie

Capital Markets Cooperative, Ponte Vedra Beach, Fla., has announced an alliance with Fannie Mae aimed at providing CMC members greater benefits when selling loans to the secondary market.CMC members will now have access to Fannie Mae's Desktop Underwriter platform in addition to advantageous pricing, increased flexibility in methods of execution, and a variety of loan products and value-added services, CMC said. "[O]ur clients now have greater flexibility and receive better pricing on the loans they sell upstream to Fannie Mae," said CMC president Tom Millon. "They'll also pay lower fees to use Desktop Underwriter." CMC, a provider of services aimed at reducing risk and maximizing profits for mortgage bankers, can be found online at http://www.capmkts.org, and Fannie Mae can be found at http://www.fanniemae.com.