First-time homebuyer program struggles

Freddie MacBy Brena Swanson | HousingWire

Freddie Mac introduced its 3% down mortgage product back in December 2014 to help more first-homebuyers and other qualified borrowers jump into the market.

After two years and a significant push from Freddie Mac to make lenders comfortable, it still barely makes a dent in Freddie Mac’s first-time homebuyer portfolio.

But it’s only the beginning.

Continued:

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