Freddie Mac’s Second Mortgage Pilot: Should the Taxpayer Subsidize Equity Extraction Lending?
The Stoop (NYU Furman Center)
JULY 22, 2024
Introduction In April, the Federal Housing Finance Agency (FHFA) officially solicited public comment on a proposal from Freddie Mac, one of the two large government-sponsored enterprises (GSEs) it oversees, to begin a pilot program to finance closed-end second (CES) mortgages. It seems clear it would not.
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