Wow! The article should read…Taxpayers just got themselves into another dilemma.
I honestly hope these mortgages were diligently researched, because we know how this is going to end.
HW-
Freddie Mac bought $62.5 billion worth of loans in September, up from $50 billion in purchases in October. The agency saw its mortgage portfolio increase at an annualized rate of 3.6% in November, according to its monthly value summary report.
The government-sponsored enterprise modified 6,622 loans in November, compared to 6,988 in October.
The unpaid principal balance on Freddie’s mortgage-related investment portfolio decreased by $6 billion in November.