U.S. News: Boost for Loan Write-Downs

U.S. News: Boost for Loan Write-Downs

What is the strategy Used by Freddie Mac and Fannie to Response to Recent push of Treasury for United States?

Summary

Edward DeMarco, the regulator overseeing Fannie Mae and Freddie Mac, responds to the U.S. Treasury's recent push to have the firms forgive debts for some troubled homeowners who owe more than their homes are worth. A preliminary analysis shows that those principal write--downs could reduce overall costs for the companies now that the Treasury has offered to foot part of the bill. But in a speech, he warns that the savings ...