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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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Freddie Mac Bets Against American Homeowners

Freddie Mac Bets Against American Homeowners


ProPublica & NPR-

Freddie Mac, the taxpayer-owned mortgage giant, has placed multibillion-dollar bets that pay off if homeowners stay trapped in expensive mortgages with interest rates well above current rates.

Freddie began increasing these bets dramatically in late 2010, the same time that the company was making it harder for homeowners to get out of such high-interest mortgages.

No evidence has emerged that these decisions were coordinated. The company is a key gatekeeper for home loans but says its traders are “walled off” from the officials who have restricted homeowners from taking advantage of historically low interest rates by imposing higher fees and new rules.

[PROPUBICA]

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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