Freddie Mac CEO Wants More Low Down-Payment Mortgages

MarketWatch, Oct. 20, 2015–Goldstein, Daniel

Freddie Mac CEO Donald Layton told an audience at the Mortgage Bankers Association annual convention in San Diego on Monday that the surprise announcement last year by FHFA Director Mel Watt instructing his company and Freddie Mac to buy loans with down payments as low as 3% was a net positive and that more low down payment products could be on their way in the next year or so.