Modest pilot program approved by federal regulators was opposed by banks who have traditionally provided most home equity loans. Nonbank lenders have already made inroads into the business.
Source: Inman News
Freddie Mac will dip a $2.5B toe into the second mortgage market
Published in cash-out refinancing, fannie mae, FHFA, freddie mac, heloc, home equity, home equity line of credit, home equity loan, Mortgage, refinancing, Regulations, Rocket Mortgage, second mortgage, Select and uwm
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