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Freddie Mac’s Second Mortgage Pilot: Should the Taxpayer Subsidize Equity Extraction Lending?

The Stoop (NYU Furman Center)

The arguments pro and con Freddie Mac’s CES mortgage proposal generated a significant number of comments from many groups and individuals, including think tanks and elected officials across the political spectrum, and also many housing-related industry associations. As a result, determining their mission is somewhat subjective.

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