Freddie Mac is Quietly Helping the U.S.’s New Mortgage Kings
Bloomberg, May 7, 2018–Joe Light
Freddie Mac has quietly started extending credit to nonbanks that issue mortgages, a move it says will help the companies maintain access to a crucial stockpile of cash if their home loans go sour. But critics say the financing could create an unfair market advantage that allows preferred lenders to muscle out competitors. (MBA mention)
