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Loan Modification

: Mortgage Lender Implode-o-Meter

Cracked Foundation: Reforming Housing Finance

By Implode-Explode Heavy Industries

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"The Treasury secretary is bedeviled over what to do with Fannie Mae and Freddie Mac, the bailed-out mortgage giants that have cost the taxpayers upward of $125 billion with as yet no end in sight. Shutting them down is not so easy because ? get ready for this ? since their bailout, in September 2008, Fannie and Freddie have become more, not less, important to the U.S. housing market."

Full post as published by Mortgage Lender Implode-o-Meter on April 25, 2010 (boomark / email).

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