Freddie Mac Announces Limitations in Purchases of Certain Mortgages Secured by Investment Properties and Second Homes
By EsqSocial Corporation 09/04/21
Freddie Mac recently announced, in Bulletin 2021-11 and Bulletin 2021-12 (the Bulletins), changes to certain of its single-family mortgage acquisitions. The Bulletins implement the portion of the recently amended Senior Preferred Stock Purchase Agreement, between Freddie Mac and the U.S. Department of the Treasury (Treasury), which requires Freddie Mac to limit its purchases of single-family mortgages secured by investment properties and second homes to 7%, in aggregate, of total single-family...
By: Weiner Brodsky Kider PC