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Loan Modification

: Loan Modification & Home Loan News

Foreclosure logjam threatens Fannie, Freddie

By Moe Bedard

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A breakdown in the nation’s foreclosure process threatens to create billions of dollars in losses for federally controlled mortgage finance companies Fannie Mae and Freddie Mac, highlighting how improper actions by banks could impose new costs on taxpayers, said government officials and industry sources. To protect themselves from those losses, Fannie and Freddie have threatened [...]

Full post as published by Loan Modification & Home Loan News on October 12, 2010 (boomark / email).

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