You take it wrong. And don't doubt that they'll find some way to favor the muzzies, whether they legally are able to or not. This IS a government bunch we're talking about here....you know, "equality for all, unless you're not a member of a protected class, then you can get stuffed."
No one would invest in a bad deal on purpose.
The owners of Freddie Mac are investors.
These types of loans probably make more money for the investors.
I've represented lenders who have given these "no-interest" mortgages to Muslims investment groups. Lenders love these transactions because once you run the numbers you realize that the bank makes more money off of this than they do off of a regular mortgage.
This IS a government bunch we're talking about here
Not really. Freddie Mac is run like a regular business, more or less. It is not a government agency. It's interested in turning a profit, and these Sharia-compliant deals are big money-makers.