Freddie Mac to ease refinancing program’s guidelines for borrowers

Freddie Mac early this week will ease its mortgage underwriting formulas to boost the number of homeowners who qualify for the government’s home loan refinancing program.

Participating lenders have complained that approval of Fannie Mae-backed loans for the Home Affordable Refinance Program far outpaces those for Freddie Mac. It is one, but certainly not the only, criticism of the program.

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