Hedging Against the American Dream—Part I
February 25, 2012 at 9:45 pm in Accountability, GAN, House, News, Tom McClintock by Kenneth Pettingill ·
Hedging Against the American Dream—Part I Freddie Mac reaps rewards when homeowners are unable to refinance under low rates. Critics contend that Freddie Mac, in October 2010, tried to deter prospective refinancers by tightening underwriting guidelines and raising prices. Freddie Mac, a taxpayer funded Government Sponsored Enterprise (GSE), stands to lose if upside-down borrowers can…
