January

Fannie Mae and Freddie Mac post record 1994 profits, despite a sharp drop in residential lending.

February

PNC Mortgage unveils plan to offer mortgages through 2,400 Coldwell Banker realty offices.

March

NationsBank buys a $25 billion servicing portfolio from KeyCorp, the biggest mortgage deal to close in 1995.

Prudential's residential mortgage unit becomes the largest put on the block to date.

April

Citicorp slashes 100 jobs in mortgage securities, reflecting sluggish volume on Wall Street.

Spring

Freddie Mac and Fannie Mae introduce automated underwriting systems, drawing mixed reviews from lenders.

June

Countrywide links with Intel Corp. to connect homebuyers and loan officers via video conferences.

September

Underscoring how tough the terrain is for lenders, once-mighty Lomas Financial puts itself on the auction block.

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. Fannie Mae keeps its limit at $203,150.

November/December

The budget impasse forces lenders to struggle through two furloughs of federal workers who process their paperwork.

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