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An OPEC Output Cut Not Likely to Alter Oil Imbalance
An OPEC Output Cut Not Likely to Alter Oil Imbalance
Chicago’s Troubled Schools Made Wall Street $110 Million
Chicago’s Troubled Schools Made Wall Street $110 Million
‘Tick Size’ Widening for Some Small Stocks
‘Tick Size’ Widening for Some Small Stocks
Deutsche Bank, U.S. DOJ Continue to Discuss Settlement
Deutsche Bank, U.S. DOJ Continue to Discuss Settlement
Why the Bond Bulls Will Keep Running
Why the Bond Bulls Will Keep Running
Ex-Bank Executives Accused of Hiding Italy Lender’s Woes
Ex-Bank Executives Accused of Hiding Italy Lender’s Woes
U.S. Manufacturing Faces a Key Test
Ahead of the Tape
U.S. Manufacturing Faces a Key Test
Sam Wyly to Pay $198.1 Million to Settle SEC Legal Battle
Sam Wyly to Pay $198.1 Million to Settle SEC Legal Battle
Yuan Marks Milestone With Entry Into IMF Reserve Basket
Yuan Marks Milestone With Entry Into IMF Reserve Basket
Cantor Fitzgerald Gambling Affiliate to Pay $22.5 Million to Settle Probes
Cantor Fitzgerald Gambling Affiliate to Pay $22.5 Million to Settle Probes
Losses Jump for Subprime Auto Loans
Losses Jump for Subprime Auto Loans
Deutsche Bank Takes a Lashing From the Public
Deutsche Bank Takes a Lashing From the Public
The One-Engine Economy
Heard on the Street
The One-Engine Economy
The New IRS Email Scam Coming to Your Inbox
Tax Report
The New IRS Email Scam Coming to Your Inbox

Freddie Mac Starts Pilot Program With Looser Standards

Changes designed to boost mortgage originations among first-time buyers, applicants with low-to-moderate incomes

By

Mortgage-finance giant Freddie Mac and two nonbank lenders are loosening income and documentation requirements for mortgage applicants in a new pilot program.

The changes announced Monday are designed to help boost mortgage originations among first-time buyers, applicants with low-to-moderate incomes and those who live in underserved areas.

The moves come nearly a decade after the start of the mortgage meltdown, as many...

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