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Real Estate & Property Law

: The Home Equity Theft Reporter

Lenders, Mortgage-Backed Bond Packagers May Eat As Much As $30B In Crappy Loans Owned by Fannie, Freddie, Says Regulator

By r morris

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Bloomberg News reports:Fannie Mae and Freddie Mac?s regulator may identify as much as $30 billion of debt included in mortgage bonds that the companies can force sellers to repurchase, according to Joshua Rosner, an analyst who in 2007 predicted the collapse in the market for the securities.The Federal Housing Finance Agency this month said it issued 64 subpoenas seeking loan files and other

Full post as published by The Home Equity Theft Reporter on July 25, 2010 (boomark / email).

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