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Loan Modification

: Mortgage Lender Implode-o-Meter

Freddie Opens Tender Offer to Go Long

By Implode-Explode Heavy Industries

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" Freddie Mac (FRE: 0.78 -2.50%) will carry out this week the largest tender offer in its nearly four decade long history. Freddie will offer to purchase from investors up to $30bn principal amount in targeted securities, in attempt to reduce its effective short-term debt."

Full post as published by Mortgage Lender Implode-o-Meter on June 01, 2009 (boomark / email).

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