TITLE

Fannie to Allow Walkaways

PUB. DATE
February 2013
SOURCE
National Mortgage News;2/4/2013, Vol. 37 Issue 5, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on decision taken by Fannie Mae and Freddie Mac Company to allow its debtors to repay their debts by letting go of their houses which the company would then sell and recoup their loans. This follows several defaults in loan repayment and allows many Americans to just walk away from their debts. This would also allow the company to repay towers their own financial bail out and reduce their debts.
ACCESSION #
85418250

 

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