Skip to main content

  • Comment Detail

  • Date: 05/16/24
    First Name: Laurie
    Last Name: Goodman
    Organization: Urban Institute
    City: N/A
    State: N/A
    Attachment: View Attachment
    Number: 2024-N-5

  • Comment

    Myself and my two co-authors, Ted Tozer and Alexei Alexandrov strongly support the Freddie Mac second lien proposal. These views are our own, and do not represent Urban Institute, its trustees or funders. We believe that, in a high rate environment, a second lien is a far more economic way for most borrowers to access the equity in their home than a cash out refinance. This consumer-friendly proposal is consistent with the Freddie Mac charter and does not increase the risk to the organization. The attached blog contains our more detailed analysis of this proposal.