RALEIGH, N.C. Freddie Mac announced Monday that it is participating in a $100 million public/private effort to increase and sustain affordable homeownership in eastern North Carolina.
The CarolinaGold collaboration includes low-down-payment mortgages, the national anti-predatory-lending campaign Dont Borrow Trouble, counseling before and after purchase, and real estate services including referrals and financing for home rehabilitation.
Freddie Mac has agreed to purchase up to $100 million of mortgages through the program.
Roy Cooper, the states attorney general, said: North Carolina has led the nation in stopping unfair lending, and now we have the chance to lead again by providing better loan options for people. Good advice and more choices will help homeowners get the most for their money.
