Here They Go Again: Freddie & Fannie Are Hammering Taxpayers With Reckless Underwriting

The gatekeepers of the American mortgage market are increasingly backing loans to borrowers who have heavy debt loads, highlighting questions about mortgage risk as policy makers debate ways to change the system. Almost 30% of loans that mortgage giants Fannie Mae FNMA -4.56% and Freddie Mac FMCC -4.33% packaged into bonds last year went to […]
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