After Months of Speculation, a GSE Bites on Warehouse Lending as Freddie Moves Ahead
October 15, 2009
In response to months of public and private appeals from mortgage bankers hurt by the drought of warehouse funding, Freddie Mac has come out with a limited pilot program to help its single-family and multifamily lenders find adequate warehouse lines of credit to fund loans sold to the firm. The government-sponsored enterprise announced late last week a modest initiative under which...