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Loan Modification

: Loan Modification & Home Loan News

Fannie and Freddie?s Gov?t Regulator Opposes Reducing Mortgages for Struggling Homeowner

By Moe Bedard

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(By Karen Wise of Probublica) – The Obama administration has been pushing for banks and investors to cut mortgage balances for homeowners who owe more than their home is worth. But the regulator for the biggest investors of them all — the government-controlled Fannie Mae and Freddie Mac — won’t let the two do it. [...]

Full post as published by Loan Modification & Home Loan News on December 17, 2010 (boomark / email).

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