Fannie and Freddie Mum On Principal Reductions

Collins, Brian
December 2010
National Mortgage News;12/13/2010, Vol. 35 Issue 12, p1
Trade Publication
The article reports that government-owned enterprises (GSEs) Fannie Mae and Freddie Mac failed to participate with the refinancing program of the U.S. Federal Housing Administration (FHA), resulting to the pressure to help homeowners with their mortgage loans. It cites that Fannie Mae and Freddie Mac need to acknowledge a loss on any refinanced loan if they plan to adopt the program. Moreover, the government plans to implement the program to GSEs since they have control over the housing market.


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