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Loan Modification
: Mortgage Lender Implode-o-MeterFreddie Mac chief expects no basic change
By Implode-Explode Heavy Industries
Philadelphia money manager and corporate turnaround specialist Charles "Ed" Haldeman came out of retirement last summer to head money-losing, government-controlled home-loan finance giant Freddie Mac.
Since then, the company has reported $12 billion in losses, bringing the three-year total to $75 billion, as Freddie works through a long list of bad loans.
Full post as published by Mortgage Lender Implode-o-Meter on March 26, 2010 (boomark / email).
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