In a move that could markedly lift mortgage lending, Freddie Mac is launching a program to help lenders sell home loans that are larger or shakier than industry norms.

The secondary-market agency announced that it has arranged for CWM Holdings, an affiliate of Countrywide Credit Industries, to buy "nonconforming" mortgages that lenders review with Freddie Mac software.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.