Category: Featured

OPINION: Time To Make An Offer FHFA Can’t Refuse

The federal regulator of mortgage finance giants Fannie Mae and Freddie Mac announced Tuesday that he would not allow them to reduce the loan balances of struggling borrowers, ending months of deliberation. That’s bad news for the 2.5 million Fannie- and Freddie-backed homeowners that are deeply “underwater,” meaning they owe significantly more than their homes are worth.