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Loan Modification

: Loan Modification & Home Loan News

US House Democrats Question Mortgage Buyback Terms

By Moe Bedard

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WASHINGTON (Dow Jones)–Four U.S. House Democrats are raising questions about whether taxpayers are getting enough compensation for bad loans sold to Fannie Mae (FNMA) and Freddie Mac (FMCC). The two government-controlled mortgage companies have recovered $3.3 billion for taxpayers by reaching settlements in recent weeks with Bank of America Corp. (BAC) and Ally Financial Inc. [...]

Full post as published by Loan Modification & Home Loan News on January 12, 2011 (boomark / email).

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