Freddie Mac Salutes Home Possible RISE Award® Winner INB, N.A. for Outstanding Work for Very Low- to Low-Income Homebuyers

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) has awarded INB, N.A. one of its Home Possible RISE Awards®. This annual recognition celebrates Freddie Mac's top clients who excel in providing affordable lending solutions for very low- to low-income homebuyers through the Home Possible® and HFA Advantage® mortgage products.

INB, N.A., recognized for its dedication to first-time buyers and families who face homeownership affordability challenges, distinguishes itself as a key player in making homeownership attainable. The award highlights INB's sustained excellence and impactful work in helping families secure sustainable homeownership.

The comprehensive list of award winners can be viewed at SF.FreddieMac.com/RISE. For more information on INB and its services, visit www.inb.com.

Positive

• INB, N.A. receives recognition from Freddie Mac, underscoring its excellence in affordable lending solutions.
• Home Possible RISE Award® highlights INB's commitment to very low- to low-income homebuyers.
• Freddie Mac’s endorsement can enhance INB's reputation and attract more clients.
• The award positions INB as a leader in facilitating sustainable homeownership.

Negative

• The press release does not provide specific financial figures or metrics.
• Lack of disclosed data on the actual impact on INB's financial performance or stock value (FMCC).
• No information on the scale of the contribution or the number of families helped.

SPRINGFIELD, Ill., May 29, 2024 /PRNewswire/ -- INB, N.A. was recently recognized by Freddie Mac (OTCQB: FMCC) with one of its Home Possible RISE Awards^®. 

The annual program, RISE (Recognizing Individuals for Sustained Excellence), salutes Freddie Mac's top clients for excellence with the Home Possible^® and HFA Advantage^® mortgage products – Freddie Mac's affordable lending solutions for very low- to low-income homebuyers.

Now in its seventh year, RISE Awards celebrate Freddie Mac lending partners that exemplify dedication to helping homeowners overcome affordability challenges to make home possible.

"We are proud to be recognized by Freddie Mac for our work to help first time buyers and families who didn't think homeownership was possible," said Gregg Formigoni, senior vice president at INB. "There's no greater satisfaction for the INB mortgage team than hearing about joyful closings. We know we have made a difference, changing a family's future by working with Freddie Mac to create sustainable homeownership." 

The complete list of the award winners is available at SF.FreddieMac.com/RISE. To connect with an INB lender and to apply for a home loan, visit the website, www.inb.com.

About INB, N.A. – INB is a privately held national bank. Founded in 1999 in Springfield, IL, the bank offers both personal and commercial banking products in addition to wealth, trust and mortgage services.

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SOURCE INB, N.A.

FAQ

What is Freddie Mac's Home Possible RISE Award?

The Home Possible RISE Award® is an annual recognition program by Freddie Mac, celebrating top clients who excel in providing affordable lending solutions for very low- to low-income homebuyers.

Who received the Home Possible RISE Award in 2024?

INB, N.A. received the Home Possible RISE Award® from Freddie Mac in 2024.

What does the Home Possible RISE Award signify for INB, N.A.?

The award signifies recognition of INB's sustained excellence in helping very low- to low-income homebuyers achieve sustainable homeownership.

How does the Home Possible RISE Award affect FMCC?

The award showcases Freddie Mac's commitment to affordable housing solutions and highlights its successful partnerships, potentially positively impacting FMCC's reputation.

Where can I find the list of Home Possible RISE Award winners?

The complete list of award winners is available at SF.FreddieMac.com/RISE.