MBA.org - "MBA Questions Freddie Mac’s New Underwriting Standards for for Subprime Lending" (2-27-07)

“Today’s announcement by Freddie Mac that it will only purchase subprime mortgages – and mortgage-related securities backed by these subprime loans – that qualify borrowers at the fully-indexed rate will limit the product options and the access to credit for those individuals most in need, many of whom are first time, underserved or minority homebuyers.

The mortgage products that these new standards target are important financial instruments, crucial to helping borrowers get into homes and repair their credit. Regulation that further limits consumer choice is unwarranted.”