Personal Finance Advice and Commentary

Tuesday, January 31, 2012 5:11 pm
By Polyana da Costa · Bankrate.com

Have you ever wondered why, despite numerous government programs made to help struggling homeowners, there are still so many obstacles that prevent borrowers from refinancing their loans? Here is one of many disturbing reasons: Freddie Mac, which owns or guarantees many U.S. mortgages, makes a ton of money by betting on homeowners who are stuck