Dalrymple column: Freddie Mac proposition deal extreme risk for typical homeowner

Freddie Mac (Federal Mortgage Mortgage Agency) the newest relative out-of Fannie mae, has come away that have a proposition to order second mortgages financed about first-mortgage home loans held of the regulators sponsored corporation.

Which will be a good amount of finance. Freddie acquisitions vast amounts of bucks off mortgages every month. If for example the suggestion is approved, people should be able to change its equity on the cash in the place of selling their residence or refinancing the current first, and this probably have a decreased rate secure regarding post-economic crisis, blog post pandemic ages of preternaturally reduced home loan pricing.