Freddie Mac may again be drawing the ire of many of its mortgage lending customers by expanding one of its first-time home buyer programs, but limiting collaring the initiative so it applies to just a select group of its approved seller/servicers.

Freddie's alternative qualifying initiative pilot, which was launched in 1993 with PNC Mortgage Corp. and the Mortgage Guaranty Insurance Corp., has expanded - to six lenders. The program allows home buyers to qualify by placing greater emphasis on monthly cash flows rather than traditional housing and total debt raTio methods.

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