Report: Freddie Mac placed giant bet against homeowners

posted by
January 31, 2012
Agence France-Presse    
Posted in News

"US-owned mortgage giant Freddie Mac is holding billions of dollars in investments that only pay off if homeowners remain locked into high interest rates, a media investigation has found. The report by the ProPublica website and National Public Radio on Monday said the mortgage giant began dramatically increasing such bets in 2010 at the same time it was making it more difficult for homeowners to refinance." (01/31/12)

http://bit.ly/wswo8j  

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