Who’s the latest loser in one of the largest banking scams in history? Fannie, Freddie and you.
The financial repercussions of the housing crisis keep rumbling on.
Freddie Mac, the government-controlled mortgage company, is asking for an additional $6 billion from taxpayers after experiencing a third-quarter loss of nearly $2 billion more than the third quarter of last year. According to the Associated Press, the company’s losses have increased over the past year because many homeowners have refinanced and are now paying lower