Treasury Investigates Freddie Mac Investment

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Treasury Investigates Freddie Mac Investment

Treasury Investigates Freddie Mac Investment

Do you think this has anything to do with this? 🙂 How Henry Paulson Tipped Off Hedge Funds of Fannie Mae Rescue

Could he also be tied to this?


Yahoo-

The Treasury Department is investigating a report that Freddie Mac, the mortgage giant, bet against homeowners’ ability to refinance their loans even as it was making it more difficult for them to do so, Jay Carney, a White House spokesman, said on Monday.

The report came just as the Obama administration had been escalating its efforts to push Fannie Mae and Freddie Mac to ease conditions for homeowners, including those who owe more on their mortgages than their homes are worth.

Last Friday, the Treasury announced that it would offer increased incentives to lenders to forgive portions of homeowner debt, saying pointedly that for the first time the incentives would be offered on loans held by Fannie and Freddie.

[YAHOO]

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