MarketWatch's Daniel Goldstein reports that the Federal Housing Finance Agency plus at least one of the government-sponsored enterprises, seem ready to double-down on a pledge made last year to extend lending to potential borrowers who might otherwise not qualify for traditional loans. 

Freddie Mac CEO Donald Layton recently hinted that more low down-payment loan programs could be on their way following the rollout of the 3% down-payment program, which has boosted homeownership. 

“There are still some nooks and crannies left in the mortgage market to fill,”, Layton said. Many self-employed borrowers have difficulty qualifying for a home loan under federal lending rules and need to develop loan products that can qualify them, he said.

Most big bank lenders who sell their loans to the government’s big mortgage buyers have been reluctant to make loans to otherwise qualified individuals who don’t have a steady income.

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