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Loan Modification

: Mortgage Lender Implode-o-Meter

Mortgage Anxieties Mean Limbo for Fannie and Freddie

By Implode-Explode Heavy Industries

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``Nothing has happened. Instead, Fannie Mae and Freddie Mac, which buy home mortgages from banks and package them into bonds sold to investors, have been bailed out with $1.5 trillion in direct and indirect government aid. The Obama administration is banking on the companies to help end a three-year housing slump. The president is delaying plans to lay out a new framework for them in February, and Congress hasn?t scheduled hearings on their future.''

Full post as published by Mortgage Lender Implode-o-Meter on December 29, 2009 (boomark / email).

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