A Short-Term Band-Aid Inevitably Worsens Long-Term Bleeding
By Thomas Lyons Essays 7 Comments »A report this morning indicated that the idea of formally taking over mortgage giants Fannie Mae and Freddie Mac (henceforth “FMs”) has crossed the minds of the president and his advisers.
For the mortgage layman, an introduction to the mortgage process is in order. It begins when a prospective mortgage borrower applies for a loan with […]

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