Fannie Mae Freddie Mac

Housing Agencies Clash Over Mortgage Relief Program

December 10, 2010

Fannie Mae and Freddie Mac are reluctant to join in the FHA’s new program designed to assist ¬†borrowers whose homes are worth less than they owe on their mortgages largely because US Taxpayers would be on the hook for any losses incurred. Fannie and Freddie have already cost US taxpayers more than $130 billion and¬†has […]

Read the full article →