FHFA Blasted On Handling Strategic Defaults

17 Oct 2012

The Office of the Inspector General for the Federal Housing Finance Agency has criticized the FHFA for failing to adequately supervise Fannie Mae and Freddie Mac’s efforts to recover losses from borrowers who defaulted on their loans even though they had the ability to make payments.

The Office of the Inspector General for the Federal Housing Finance Agency has criticized the FHFA for failing to adequately supervise Fannie Mae and Freddie Mac’s efforts to recover losses from borrowers who defaulted on their loans even though they had the ability to make payments. In its ...

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