Fannie Mae Cracking Down On Homeowners Who Walk Away

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Homeowners who walk away from Fannie Mae mortgages will be snubbed for seven years, according to the Associated Press. Fannie Mae says they’re trying to encourage homeowners to avoid foreclosure by banning those who walk away from getting loans. The idea is to deter homeowners who could pay from simply walking away from their responsibilities. [...]

Freddie Mac Repurchases Sub Debt

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Last September, Freddie Mac bought back a majority of its subordinated securities before the company and its counterpart Fannie Mae were taken over by the federal government.

Tags: subordinated securities, freddie mac