January
Fannie Mae and Freddie Mac post record 1994 profits, despite a sharp
February
PNC Mortgage unveils plan to offer mortgages through 2,400 Coldwell
March
NationsBank buys a $25 billion servicing portfolio from KeyCorp, the
Prudential's residential mortgage unit becomes the largest put on the
April
Citicorp slashes 100 jobs in mortgage securities, reflecting sluggish
Spring
Freddie Mac and Fannie Mae introduce automated underwriting systems,
June
Countrywide links with Intel Corp. to connect homebuyers and loan
September
Underscoring how tough the terrain is for lenders, once-mighty Lomas
Serious mortgage delinquencies take their biggest jump in nine years.
November
Freddie Mac raises the maximum size of loans it will buy to $207,000.
November/December
The budget impasse forces lenders to struggle through two furloughs of