Commenting on reports that Fannie Mae and Freddie Mac are trying to create standards for new loans for high-risk borrowers, mortgage broker Marc Brinitzer at mortgage blog Lending Clarity says

Rumors are that Freddie Mac . . . has been working on a 50 year loan with an initial 10 year interest-only period. This would certainly smooth out the ride, assuming borrowers have the equity and income to qualfiy.

Hope your home lasts that long, too.

• Mortgage Giants To Rescue Distressed Borrowers [Lending Clarity]