Freddie Mac, which has lost a total of almost $80 billion since the housing crisis started in 2007, is bracing for more pain. The McLean, Va.-based company said a record 4 percent of its borrowers are at least three months behind on their payments and facing foreclosure.
Source: finance.yahoo.com
No comments:
Post a Comment
The comment section is intended to extend and expand discussions beyond the scope of the original posts in order to promote the exchange of ideas and thoughts. All posts must be respectful or membership will be immediately revoked. Please consult our disclaimer section before joining and posting comments. Thank you for your contribution.
Note: Only a member of this blog may post a comment.