loan workouts

Now that the government has nationalized Fannie Mae and Freddie Mac, it should step in and modify the mortgage loans of troubled borrowers on a massive scale, consumer advocates say.
Housing Wire reports that advocates are pushing the two mortgage giants to follow the lead of the Federal Deposit Insurance Corp., which is attempting an en [...]

The FDIC’s attempt at mass restructurings of mortgages comes with risks — and insiders are divided on the wisdom of the plan.