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Loan Modification

: Mortgage Lender Implode-o-Meter

Fannie, Freddie Housing Goals May Exclude Subprime

By Implode-Explode Heavy Industries

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" Fannie Mae and Freddie Mac, the largest sources of money for U.S. residential mortgages, had been relying on riskier private-label debt to satisfy goals of financing loans for low- and moderate-income homebuyers, according to FHFA. Fannie Mae and Freddie Mac were seized in 2008 largely because of regulators? concern that the companies wouldn?t have enough capital to cover losses on that type of debt."

Full post as published by Mortgage Lender Implode-o-Meter on February 17, 2010 (boomark / email).

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