Industry News

Freddie Mac to help troubled homeowners

Company to provide up to $20 billion in financing
Published on Apr 19, 2007

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by CareyBot

U.S. mortgage buyer Freddie Mac on Wednesday said it will purchase $20 billion in fixed-rate and hybrid adjustable-rate mortgage products to provide more stable financing alternatives for borrowers of high-risk subprime loans. The subprime lending segment has been in turmoil ...