Article Image

IPFS News Link • Economy - Economics USA

Fannie Mae, Freddie Mac won’t be allowed to reduce loan balances for troubled borrowers

• Washington Post
The federal regulator for government-backed mortgage giants Fannie Mae and Freddie Mac said Tuesday that he will not allow the firms to reduce loan balances of struggling homeowners, frustrating the Obama administration as it looks for ways to boost a floundering economy.

1 Comments in Response to

Comment by Powell Gammill
Entered on: