Industry News

Freddie Mac says it will snatch up Alt-A loans

Mortgage repurchaser makes 90-day commitment
Published on Aug 15, 2007

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by CareyBot

Freddie Mac is giving experienced lenders a 90-day commitment to buy up Alt-A loans, including reduced-documentation mortgages, which should give more Alt-A borrowers the ability to lock in rates for three months. “Freddie Mac continues to be an active force ...