IG Report Slams Fannie, Freddie Over Improper Foreclosures, Refusal To Force Banksters To Buy Back Crappy Home Loans; Cost To Taxpayers: Billion$
Written by Administrator on December 1st, 2011The Associated Press reports:A government watchdog said Fannie Mae and Freddie Mac improperly foreclosed on homeowners and cost the government billions of dollars by not holding major banks to strict underwriting requirements.The report released Tuesday also said the Federal Housing Finance Agency gave “undue deference” to Fannie and Freddie officials and didn’t scrutinize more than $ 35 million
The Home Equity Theft Reporter
Tags: Back, Banksters, Billion, Cost, Crappy, Fannie, Force, Foreclosures, Freddie, Home, Improper, Loans, over, Refusal, Report, Slams, Taxpayers
