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Loan Modification

: Mortgage Lender Implode-o-Meter

Fannie and Freddie May Force Repo of $30B in Fraudulent Loans

By Implode-Explode Heavy Industries

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``Fannie Mae and Freddie Mac?s regulator may identify as much as $30 billion of debt included in mortgage bonds that the companies can force sellers to repurchase, according to Joshua Rosner, an analyst who in 2007 predicted the collapse in the market for the securities.''

Full post as published by Mortgage Lender Implode-o-Meter on July 25, 2010 (boomark / email).

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