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  1. 10-13-2010, 04:37 AM #1
    AirborneSapper7
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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€
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  2. 10-13-2010, 07:24 AM #2
    nomas
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    [quote]
    The foreclosure scandal started when court papers revealed that major banks used “robo-signers,â€
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