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REPORT: Fannie and Freddie dodge billions in write-offs to protect bottom line

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Mortgage Professional America | 20 Aug 2013, 05:01 AM Agree 0
Fannie and Freddie have maintained the veneer of record profitability, but a letter from the FHFA has revealed the companies dodged billions in write-offs of delinquent mortgages by delaying the implementation of new accounting procedures
  • Dominick F Sammarone | | 26 Aug 2013, 02:04 PM Agree 0
    What a joke. These agencies single handedly put the American Housing Market in the garbage. Not one investor form this country OR abroad will touch MBS again. We look like fools in the eyes of the world. I know I am not lending OR investing in mortgages until the time is right. The right time is 12%-fixed rate-30-40 year term- 65% mortgage to value. THAT'S the right time to lend or invest in mortgages. The market is a bust!
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