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Apr 29, 2010

Mortgage Rates Remain Flat: Mortgage rates seem to be in a holding pattern. While still relatively low, rates r.. http://bit.ly/blJaZ4

Apr 29, 2010 11:23:54 AM

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Freddie and Fannie won't pay down your mortgage The two largest owners of mortgages will not lower the principal on the loans they back – that’s a clear message for all those troubled homeowners. Fannie Mae and Freddie Mac, which are controlled by the federal government, will not lower the principal on the loans they back, instead opting for interest rate reductions and term extensions when modifying loans. But their stance is out of synch with the Obama administration, which is seeking to expand the use of principal writedowns. In late March, it announced servicers will be required to consider...

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