11.11.2008

Fannie Mae & Freddie Mac trying to curb foreclosures

http://www.msnbc.msn.com/id/27660450

Essentially, these two giants are going to try to speed up the loan modification process, in hopes that this will cut back on the number of loans that actually go into foreclosure. Citigroup, Bank of America & J.P. Morgan Chase have recently announced similar programs. Too little too late? Who knows....

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