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Monday, May 24, 2010

Freddie & Fannie Won't Pay Down Your Mortgage

President Obama suggested that Freddie Mac and Fannie Mae reduce a borrower's loan PRINCIPAL as part of measures to help troubled homeowners keep their home in a loan modification or "forbearance" plan. I don't blame Freddie and Fannie for saying, HELL NO ! It's bad enough as it is, now you want us to pay down their loan too ?!
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Posted by Brian K. O'Malie at 2:20 PM

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