Good freeware NLE editor?

[Diana (Cda)]

I have an old Vegas Video v4 and Womble DVD v5 that are fantastic editors that I've used for years. I esp. like the ease and use of both, intuitive without any difficulty whatsoever. However, both of them don't give either MP4 or AVI in the finished video so I have to re-encode to the other, which is lossy.

I'm editing videos more so the hassle of the above 2 apps now becomes something more difficult to work with.

Has any good NLE video editor come up in recent years? I've tried a few and just not happy as cutting/inserting video, fades, etc., has not been as easy to do as in the above. Hopefully a good freeware exists somewhere.

Thanks!

[ProWo]

However, both of them don't give either MP4 or AVI in the finished video so I have to re-encode to the other, which is lossy.

That's not correct.
You can remux the output files from both editors to mp4 or avi.
No reencode occours.
Both containers can handle the mpeg2video codec.