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Home » Store » News » Freddie Mac to Refine Subprime Mortgage Purchase Policy to Avoid Loans With Long Prepay Penalties

Freddie Mac to Refine Subprime Mortgage Purchase Policy to Avoid Loans With Long Prepay Penalties

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The government-sponsored enterprises are set to implement changes to their purchasing guidelines for subprime mortgages. The move, which GSE officials say will continue their efforts to root out predatory lending, comes amid questions of exactly how involved the agencies are in the market.
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