In a report to Congress from the Federal Housing Finance Agency (FHFA) today, Freddie and Fannie appear to have had a late 2008 fourth quarter surge in loan modifications - as much as 76 percent. "Section 110 of the Emergency Economic Stabilization Act of 2008 (EESA) directs Federal Property Managers to develop and implement plans to maximize assistance for homeowners and encourage … [Read more...]
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