Freddie Mac’s Second Mortgage Pilot: Should the Taxpayer Subsidize Equity Extraction Lending?
The Stoop (NYU Furman Center)
JULY 22, 2024
billion in 2023 and is on pace to be an $11 billion market in 2024.” Footnotes 1 See the Federal Register, April 22, 2024, “Freddie Mac Proposed Purchase of Single-Family Closed-End Second Mortgages; Comment Request.” 9 See Urban Institute “Housing Finance At A Glance,” June 2024, page 6.
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