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Home » Freddie Drops IO Program
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Freddie Drops IO Program

March 4, 2010
Freddie Mac this week said it will stop buying interest-only loans in September. “Our decision to stop purchasing all interest-only type mortgages – through all flow and bulk purchase paths – and to retire our Initial Interest fixed-rate and adjustable-rate mortgage products in the coming months is a result of continuing poor performance of these products in aggregate,” a company spokesman...
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