Related Posts

Advertisement

Special Feature

Public Option Scoreboard

Latest Posts

delinquent mortgages

RSSRSS 2.0 Feed

The Expectations Game and the Government’s Mortgage Plan

The plan for Fannie Mae and Freddie Mac to streamline mortgage modifications for troubled homeowners has already come in for some harsh criticism. Federal Deposit Insurance Corp. chairwoman Sheila Bair, in particular, has been outspoken in her opposition.
That’s important, because Bair is the leading proponent of massive restructurings of mortgages. She wants Treasury to move [...]