The regulator for Fannie Mae and Freddie Mac could have a ?legal responsibility? to approve loan modifications for certain homeowners now that the U.S. Treasury has offered to share in the cost of mortgage write-downs.
FANNIE MAE AND FREDDIE MAC WILL NOT WRITE DOWN MORTGAGES This news is just breaking now via Bloomberg and CNBC. What does this mean? Basically, The Treasury has been pressuring the GSEs to allow for some kind of homeowner principle ... Read Post
Mortgage interest rates fell for the first time in four weeks, with Freddie Mac's survey showing lenders offering conventional 30-year fixed-rate loans at an average of 3.75%, down from 3.8% a week ago. Read Post