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Loan Modification

: Mortgage Lender Implode-o-Meter

Fannie And Freddie Receive Unlimited Future Funds To Stay Afloat

By Implode-Explode Heavy Industries

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``The Treasury Department said Thursday it removed the $400 billion financial cap on the money it will provide to keep the companies afloat. Already, taxpayers have shelled out $111 billion to the pair, and a senior Treasury official said losses are not expected to exceed the government's estimate this summer of $170 billion over 10 years.''

Full post as published by Mortgage Lender Implode-o-Meter on December 25, 2009 (boomark / email).

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