Freddie Mac is trying to get regulatory approval to back home-equity loans

Freddie Mac is seeking regulatory approval to expand into guaranteeing second mortgages. The move would potentially drive down costs for Americans seeking to borrow against equity in their home. Freddie Mac seeks regulatory approval for the move, which could drive down home-equity borrowing costs. The company says the move would help drive down the cost of home equity loans.

Freddie Mac seeking regulatory approval to expand into guaranteeing second mortgages. The move would potentially drive down costs for Americans seeking to borrow against equity in their home. Freddie Mac seeks regulatory approval for the move, which could drive down home-equity borrowing costs. It's unclear whether Freddie Mac will be able to guarantee second-mortgage loans.