Relevant:
- Foreclosure Fraud North by Northwest with Attorney Shawn Newman, A Mandelman Matters Podcast
- MI Politicos Turn Blind Eye To Illegal Fannie & Freddie Foreclosures
- Inspector general says housing regulator failed to stop Fannie, Freddie mortgage issues
- GAO Scrutinizes Fannie, Freddie Alternatives
- Are The FHFA Lawsuits Against The Banks A Political PR stunt?
2011-12-12 — ml-implode.com
``... why would Fannie and Freddy have such a policy given the laws governing mortgage contracts and promissory notes? Consider the fact that Freddie and Fannie are Government Sponsored Entities [GSEs] albeit private corporations owned by the major banks. It seems to me that Freddie and Fannie have been hijacked by the major banks and are being used to buy up bad mortgages and then seek a bailout from the taxpayers.''
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