Fannie Mae and Freddie Mac Face Criticism as They Resume Foreclosures
Law makers and Federal regulators put pressure on Fannie Mae and Freddie Mac, the government sponsored Mortgage guarantors, to suspend foreclosures while struggling homeowners pursue loan modification. According to John Walsh, Acting Controller of Currency, testifying before a Senate banking committee, his agency is pressurizing national lenders to freeze foreclosures on struggling homeowners who are […]