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10-13-2010, 04:37 AM #1Senior Member
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Freddie Mac and Fannie Face Huge Losses in Foreclosure Morat
Freddie Mac and Fannie Face Huge Losses in Foreclosure Moratorium
Tuesday, October 12, 2010
By Carlo Gabriel Simbajon
Government-sponsored mortgage enterprises Freddie Mac (OTC:FMCC) and Fannie Mae (OTC:FNMA) could face billions of dollars in losses if the current foreclosure moratorium turns into a prolonged delay.
Industry sources told the Washington Post that an extended suspension of foreclosures “could cause financial harm to Fannie and Freddieâ€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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