Obama Administration

Here Comes Insta-loan-forgiveness: With Love From Fannie and Freddie

08-05-2010 • ZeroHedge.com

The number of underwater mortgages is at least 14.7 million, and amounts to just about $770 Billion in underwater equity. In other words, if the rumor is true, the US taxpayers are about to subsidze over 3/4 of a trillion in underwater equity...