Treasury Investigates a Bet Against Home Owners
The Treasury Department is investigating allegations against Freddie Mac that accuse the government-sponsored enterprise of “betting against home owners’ ability to refinance their loans” while also putting in roadblocks to make it more difficult refinance at today’s lower rates, White House spokesman Jay Carney said Monday.
Some argue the GSE imposed several barriers to home owners who wanted to refinance their mortgages, like adding risk-based fees.
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Lew Corcoran
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