Freddie Mac Bets Against American Homeowners
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.
Read more at Freddie Mac Bets Against American Homeowners.
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Lew Corcoran
Licensed Real Estate Professional
Certified Short Sale Guide
REO Asset Professional
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