Skip to comments.Fannie and Freddie's biggest deadbeats
Posted on 02/01/2011 6:15:11 PM PST by FromLori
Leaning on the megabanks can pay off, if you've got a little muscle and a lot of patience.
Banks had paid $21 billion through this past summer to repurchase souring home loans from Fannie Mae and Freddie Mac, the taxpayer-backed mortgage companies, under contracts that oblige lenders or loan servicers to buy back loans that aren't up to snuff.
(Excerpt) Read more at finance.fortune.cnn.com ...
I wonder how many “loans” our illustrious pres__nt without ID, and his wookie applied for and received?
He did get a loan from the friends of Angelo program so did dodd!
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