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Real Estate & Property Law

: Housing Wire

Mortgage Insurance Woes Grow for Fannie, Freddie

By PAUL JACKSON

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Imagine paying full premium for an insurance contract, and receiving only 60 percent on any claim you make — that’s the unsavory situation now being faced by both Fannie Mae (FNM: 0.72 +5.88%) and Freddie Mac (FRE: 0.75 +1.35%), as well as a bevy of private-market lenders, on their mortgage insurance contracts with troubled mortgage [...]

Full post as published by Housing Wire on April 02, 2009 (boomark / email).

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