Freddie Mac Seeks Approval to Acquire CES Loans

Home Equity Lending News, April 22, 2024
Freddie Mac is asking its regulator to allow it to begin purchasing closed-end second mortgages — a move that it says will benefit borrowers and capital markets. While adding CES products could bring much-needed long-term liquidity to the home-equity capital markets, the primary trade association for mortgage-backed security stakeholders said the proposal represents “an unnecessary government encroachment.”
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