January 30, 2012

Part of Newt's housing advice?

Turns out Freddie Mac is betting that many underwater homeowners will lose their homes, and that it started increasing securities trades toward this end in the middle of the recession, running counter to its mission to boost affordable housing AND the general needs of the economy. And, it's made refinancing almost impossible to get. Even if the trading division didn't get  work by the "main division" coordinated, it still smells to high heaven. And, so does the oversight that won't let even the president take much action.

No comments: