Freddie Mac seeks regulatory approval to guarantee second mortgages, potentially lowering costs for homeowners accessing home equity.
Freddie Mac seeks regulatory approval to expand into guaranteeing second mortgages, allowing Americans to potentially borrow against the equity in their homes at lower costs. The Federal Housing Finance Agency is seeking public comments on Freddie Mac's request to back mortgage bonds supported by these loans. Such a move could lower funding costs for lenders and result in homeowners accessing their home equity without surrendering a first mortgage with a more favorable interest rate.
April 17, 2024
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