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Fannie Program Sees 70% Recidivism

May 22, 2009
The Mortgage Lender Implode-O-Meter
Fannie Program Sees 70% Recidivism "A program aimed at helping delinquent borrowers become current once more on their mortgages will likely see decreased volumes at mortgage giant Fannie Mae (FNM: 0.78 0.00%) after the Federal Housing Finance Agency (FHFA) noted a significant majority of participants soon redefaulted after receiving aid." RSS Share it

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