In an interview with HousingWire after the government-sponsored enterprise posted its second-quarter earnings, Donald Layton, Freddie Mac CEO, pointed out that 42% of non-refinance purchase buys were to fund loans to first-time homebuyers, which is the highest level in 10 years.

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Source:: http://www.housingwire.com/blogs/1-rewired/post/37706-freddie-ceo-97-ltv-product-not-driving-first-time-homebuyer-marketyet

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