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Loan Modification

: Mortgage Lender Implode-o-Meter

Fannie-Freddie Fix at $160 Billion With $1 Trillion Worst Case

By Implode-Explode Heavy Industries

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"The cost of fixing Fannie Mae and Freddie Mac, the mortgage companies that last year bought or guaranteed three-quarters of all U.S. home loans, will be at least $160 billion and could grow to as much as $1 trillion after the biggest bailout in American history."

Full post as published by Mortgage Lender Implode-o-Meter on June 14, 2010 (boomark / email).

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