Fannie Mae and Freddie Mac start buying back bad loans (Seattle Times)

Fannie, Freddie to start buying back bad loans By The Associated Press WASHINGTON Government-controlled mortgage-finance companies Fannie Mae and Freddie Mac said Wednesday they will buy back troubled loans contained in securities they already have sold to investors. The two companies are repurchasing mortgage loans for which borrowers have missed at least four months of… Read More

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Fannie Mae and Freddie Mac Gov’t support (Associated Press)

Fannie, Freddie prove too big for government to shirk The government’s Christmas Eve pledge of unlimited financial aid to mortgage giants Fannie Mae and Freddie Mac is to make sure the housing market doesn’t deteriorate further, but it will cost taxpayers much more. By ALAN ZIBEL The Associated Press PREV 1 of 2 NEXT AP… Read More

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