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Loan Modification

: Mortgage Lender Implode-o-Meter

Regulator: Fannie, Freddie Nearly Done Buying ?Poorest? Mortgages

By Implode-Explode Heavy Industries

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"The chief regulator over Fannie Mae and Freddie Mac said the two enterprises under U.S. conservatorship have nearly eliminated the purchases of the poorest performing mortgage products that were responsible for more than a third of each entity?s first quarter losses."

Full post as published by Mortgage Lender Implode-o-Meter on May 27, 2010 (boomark / email).

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