Freddie Mac: Fighting “Fraud” or “Crying Wolf”?

Freddie Mac: Fighting “Fraud” or “Crying Wolf”?

Freddie Mac is once again lumping legitimate resale transactions in with the fraudulent ones in order to deflect accountability for its massive loan losses due to buying loans it had to know were bogus. The Freddie Mac web site has a new article dated September 27, 2010 rehashing old issues. This time it’s titled “Fighting Back Against Mortgage Fraud” and has a real, named author in Ed Haldeman, the CEO of Freddie Mac.

Dec 29, 2010 | 0 comments | View Post
Federal Officials: No Plans for Expanding Refinance Programs

Federal Officials: No Plans for Expanding Refinance Programs

Obama administration officials knocked down rumors on Thursday about any plan for new programs-dubbed an “August Surprise” -to streamline refinancing or cut mortgage balances for homeowners in a bid to stimulate the economy without asking Congress for money ahead of the midterm elections.

Aug 06, 2010 | 0 comments | View Post

Short Sale Tips By PreForeclosureGrind

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Will FANNIE MAE accept a short sale loss of $125K or greater?

Posted by Bob Lachance in Featured Articles, Investment, Preforeclosure, Real Estate, Short Sales on 01 4th, 2011
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