Freddie Mac’s Conflict Is ‘Unsavory,’ ‘Shocking,’ ‘Stunning,’ Key Senators Say
Two senators who have taken the lead on legislation aimed to help homeowners refinance at historically low interest rates were blunt this morning about how concerned they are by the news NPR reported earlier this week that Freddie Mac “has placed multibillion-dollar bets against American homeowners being able to refinance to cheaper mortgages.”
The taxpayer-owned mortgage company‘s actions are “at best unsavory and at worst immoral,” Sen. Johnny Isakson, R-Ga., said.
Read more at Freddie Mac’s Conflict Is ‘Unsavory,’ ‘Shocking,’ ‘Stunning,’ Key Senators Say.
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Lew Corcoran
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