Report: Freddie Mac to ease conditions for big home loans

04/17/2008 | Reuters

Freddie Mac is expected to announce a deal with Wells Fargo & Co., JPMorgan Chase & Co., and Citigroup Inc. that would make more funds available for big home loans. The agreement would open up loans between $417,000 -- the normal limit on mortgages that can be sold to Freddie Mac and Fannie Mae -- and the new $729,750 limit set by the economic stimulus package in February, the Wall Street Journal reported.

View Full Article in:

Reuters

Published in Brief: