Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) could save $1.7B by forgiving principal on some...


Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) could save $1.7B by forgiving principal on some problem loans, FHFA Acting Director Edward DeMarco said yesterday. However, the net cost to the taxpayer would be $2.1B, as the savings would come from Treasury incentives via the expanded Home Affordable Modification Program and using TARP funds.

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Comments (1)
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    So what they are telling the people is don´t pay your loan..and you get a bailout...pay your loan and you are stupid.....great way of living...
    11 Apr 2012, 07:07 AM Reply Like
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