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Bets Against Homeowners Must Stop, Freddie Mac Was Told

31 Jan

Bets Against Homeowners Must Stop, Freddie Mac Was Told

A great ProPublica article, by Jesse Eisinger

Freddie Mac agreed last month to stop making new bets against American homeowners after its regulator, the Federal Housing Finance Agency, raised concerns, according to a statement the agency issued late Monday. Freddie, the taxpayer-owned mortgage giant, still retains $5 billion worth of such bets.

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Posted by on January 31, 2012 in Uncategorized

 

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