The federal Housing and Urban Development Department (HUD) required that Fannie Mae and Freddie Mac buy high-risk loans in the name of “affordability,” thus saddling the mortgage industry with hundreds of thousands of now-defaulted loans, says the Washington Post. Click here to read the article.
Archive for June, 2008
HUD’S Part in the Mortgage Crisis
Posted by mortgageforensics on June 9, 2008
Posted in Foreclosure, mortgage fraud | Tagged: fannie mae, foreclosures, freddie mac, mortgage, subprime | 1 Comment »
