Orlando Mortgage Blog

Washington continues to force Fannie and Freddie to bail out earlier bad loans

December 28th, 2009 12:09 PM by BILL WILBANKS

 

Washington wanted Fannie and Freddie to find new and different ways to open up home ownership for those that were not getting a piece of the homeownership pie in the early 2000's, ended up taking control of them both and now mandates them to find ways to save many of those same buyers from foreclosure through refinancing and modifications. Is it a success? It might be if those same folks were able to qualify today...but apparently many don't, if they ever did.

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Posted in:General
Posted by BILL WILBANKS on December 28th, 2009 12:09 PM

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