• News
  • SAN DIEGO
  • Real Estate

Fannie, Freddie to allow some on-time borrowers to leave homes

Fannie Mae and Freddie Mac will let some borrowers who kept up payments as their homes lost value erase their debts by giving up the properties, helping Americans escape underwater loans while adding to losses at the mortgage giants bailed out with $190 billion of taxpayer money.

To continue reading, subscribe now
or
log in to your account
User Response
0 UserComments
Subscribe Today!