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Loan Modification

: Mortgage Lender Implode-o-Meter

Fannie and Freddie?s Regulator Opposes Reducing Mortgages for Struggling Homeowners

By Implode-Explode Heavy Industries

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"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 Mortgage Lender Implode-o-Meter on December 18, 2010 (boomark / email).

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