Unlocking Home Equity

Published on May 20, 2024 by Premium

Freddie Mac's proposal to purchase second mortgages can potentially unlock up to $1.8t in lending to a vast swath of homeowners. Freddie has long supported the U.S. housing market by buying first mortgages, transforming them into Agency MBS and then selling them to investors. Freddie is now thinking of also expanding this business to second mortgages, which is a mortgage taken out in addition to the first mortgage. This would make it easier for homeowners […]

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