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Loan Modification

: Loan Modification & Home Loan News

Backdoor Bailout ? Furor Over Bofa?s $2.8b Mortgage Settlement

By Moe Bedard

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(Source: The New York Post By MARK DeCAMBRE) – Bank of America is getting blasted with accusations of a “backdoor bailout” for its $2.8 billion settlement with Fannie Mae and Freddie Mac over billions of bad mortgages. Fannie and Freddie, which are wards of the government, accepted pennies on the dollar to settle a dispute [...]

Full post as published by Loan Modification & Home Loan News on January 06, 2011 (boomark / email).

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