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Loan Modification

: Loan Modification & Home Loan News

Fannie, Freddie, rejected $21B in loans

By Moe Bedard

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Image by Getty Images via @daylife (Source: United Press International) – Mortgage brokers in Washington forced U.S. banks to repurchase $20.9 billion in substandard loans during the financial crisis, a government report said. From 2007 through August 2010, the Federal National Mortgage Association, known as Fannie Mae, and the Federal Home Loan Mortgage Corp., known [...]

Full post as published by Loan Modification & Home Loan News on January 31, 2011 (boomark / email).

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