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: Loan Modification & Home Loan News

Fannie and Freddie Hurt by Foreclosures as More than 200,000 Properties Remain Unsold

By Evan Bedard

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Fannie Mae and Freddie Mac have generated $135 billion in losses that will be covered by US taxpayers since the government took over management of the two giant mortgage holders two years ago. Ballooning home foreclosures not helped by the recent foreclosure freeze, have left the companies with 200,000 unsold distressed properties in their inventories. [...]

Full post as published by Loan Modification & Home Loan News on October 29, 2010 (boomark / email).

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