Freddie Mac no longer investing in certain subprime mortgages. (Business Alert).
Freddie Mac is timing its subprime investment changes to coincide with the Oct. 1 effective date of the lower interest rate triggers for disclosures on high-cost loans covered by the Home Ownership and Equity Protection Act (HOEPA) announced last year by the Federal Reserve Board. Freddie Mac has also created a consumer information guide on prepayment penalty mortgages that can be found at www.freddiemac.com/singlefamily/pdf/ppm.pdf.
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|Title Annotation:||Federal Home Loan Mortgage Corp.|
|Article Type:||Brief Article|
|Date:||Apr 1, 2002|
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