A Freddie Mac home equity product that was proposed this week has the potential to unlock $850 billion in origination volume. But it could face challenges due to the lack of a robust securitization market, according to strategists at Bank of America (BofA). 

On Tuesday, the Federal Housing Finance Agency (FHFA) announced a request for comment on a proposal to allow the government-sponsored enterprise (GSE) to purchase single-family, closed-end second mortgages when it owns the risk of the corresponding first-lien mortgage, subject to a combined loan-to-value ratio lower details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com