Freddie Mac (FRE) has entered the market for jumbo loans, or loans of more than $417,000. That could be good news for some borrowers, but also means U.S. taxpayers are taking on additional risk.Freddie announced last week that it expects to finance between $10 billion and $15 billion of jumbo loans this year. Some borrowers won't even need the 20% down payment -- the mortgages can be used to finance up to 90% of a property's value.
Freddie, Fannie Take on Big Loans, Risk
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