Equity-Sharing Mortgages Make a Comeback, with Freddie’s Help
National Mortgage News, Apr. 3, 2017–Bonnie Sinnock (subscription)
Freddie Mac has quietly been testing out automated purchases of conforming loans with equity sharing stakes of typically 10%. The equity stake is provided to consumers by a private company that was previously knowns as FirstREX, but rebranded itself last year as Unison.
