Freddie Mac's foray into loans to consumers with less-than-perfect credit worries some bond investors and mortgage bankers.

But credit risk is not what bothers the skeptics. They say the inclusion of so-called A-minus loans in Freddie's loan packages will make it harder to measure prepayment risk to purchasers of bonds or of the servicing rights on the loans.

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.