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Loan Modification

: Mortgage Lender Implode-o-Meter

Freddie and Fannie: A cautionary tale

By Implode-Explode Heavy Industries

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"Fannie and Freddie, doing as the White House had urged, captured a full 50 percent of the market -- about $6 trillion. So, when the housing market started to collapse in 2008 and many borrowers stopped making house payments, Fannie and Freddie had to make good on billions of their guarantees. "

Full post as published by Mortgage Lender Implode-o-Meter on February 21, 2010 (boomark / email).

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