NEWS

Fri, Mar 05

Fannie and Freddie Are Right to Force Bad Mortgages Back to Banks

©The Atlantic 2010

Fannie Mae and Freddie Mac are poised to push $21 billion in troubled mortgages back to the banks who originated them. Bloomberg reports that this could result in losses up to $7 billion, according to an Oppenheimer & Co. estimate. Read more.

 

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