Thursday, August 4, 2016

Freddie CEO: 97% LTV product not driving first-time homebuyer market…yet

In an interview with HousingWire after the government-sponsored enterprise posted its second-quarter earnings, Donald Layton, Freddie Mac CEO, pointed out that 42% of non-refinance purchase buys were to fund loans to first-time homebuyers, which is the highest level in 10 years.

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