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Loan Modification

: Mortgage Lender Implode-o-Meter

Memo to Barney Frank from a Retired Chief Fannie Mae Lobbyist

By Implode-Explode Heavy Industries

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"Like it or not, Fannie and Freddie alone are carrying out the secondary mortgage market policies that the Treasury wants performed and which the nation demands. The fact is, without Fannie and Freddie, the US would have no ?conventional? secondary mortgage market where non-government guaranteed mortgage loans are securitized and sold throughout the world."

Full post as published by Mortgage Lender Implode-o-Meter on March 10, 2010 (boomark / email).

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