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Home » Store » News » Freddie Mac Says Honest Lenders Have Nothing to Fear from Campaign Against Predatory Loans

Freddie Mac Says Honest Lenders Have Nothing to Fear from Campaign Against Predatory Loans

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Lenders active in the subprime mortgage market likely won’t be too thrilled with Freddie Mac’s campaign to help activists hone their predatory lending strategies. But officials at the government-sponsored enterprise say that reputable subprime players have little to fear – and much to gain – from their efforts. "Legitimate lenders shouldn’t be concerned, and I don’t think they are concerned," said Craig Nickerson, vice president of community development lending for the GSE. "We are going
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