Forbes

Is it true that Freddie Mac benefits when homeowners can’t refinance?

How would you like it if your bank made more money when you couldn't pay your mortgage or if they refused to refinance you, than they would make if you could make your payment and refinance? Essentially NPR and ProPublica have pointed out that Freddie Mac made investments in certain types of securities that can be interpreted like that. Various news agencies have reported that "When Homeowners Lose,...

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