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Loan Modification

: Mortgage Lender Implode-o-Meter

FHFA Sees Swaps Clearing In Months, Sees Exchange Potential

By Implode-Explode Heavy Industries

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"A senior executive at the Federal Housing Finance Agency said Friday that mortgage giants Fannie Mae and Freddie Mac expect to begin clearing interest-rate swap transactions in the coming months, with an exchange-like platform for the market possible in a year."

Full post as published by Mortgage Lender Implode-o-Meter on June 04, 2010 (boomark / email).

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