Posted by: phillipsre | January 31, 2012

Freddie Mac Bets Against Homeowners

Another frustrating story for the real estate and financial markets. As if things aren’t hard enough for homeowners struggling in their mortgages, Freddie Mac is not making anything easier – sadly, they are making things more difficult. Freddie’s moves to limit refinancing affect not only individual homeowners but the entire economy. An expansive refinancing program could help millions of homeowners, some economists say.  Read the full article from the Seattle Times.

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