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Loan Modification

: Mortgage Lender Implode-o-Meter

Ignoring the Elephant in the Bailout - Freddie Mac's Loss is Ignored in Washington

By Implode-Explode Heavy Industries

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``... many lawmakers, especially those who once assured us that Fannie and Freddie would never cost taxpayers a dime, hope that their constituents don?t notice the burgeoning money pit these mortgage monsters represent. Some $130 billion in federal money had already been larded on both companies before Freddie?s latest request.''

Full post as published by Mortgage Lender Implode-o-Meter on May 12, 2010 (boomark / email).

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