Freddie Bids on Emerging Interest-Only Niche; Polishes Its ARM Product Line
April 23, 2004
Freddie Mac this week announced a new product line for what appears to be the fastest-growing class of mortgages in the U.S. market: loans that allow the consumer to pay interest only during the early years of the mortgage.
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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