Economy: Economic News, Policy & Analysis - The Washington Post: Fannie Mae, Freddie Mac won’t be allowed to reduce loan balances for troubled borrowers

Economy: Economic News, Policy & Analysis - The Washington Post Economy News: Get the latest headlines and in-depth coverage of economic news, policy, analysis and more from The Washington Post.

Fannie Mae, Freddie Mac won't be allowed to reduce loan balances for troubled borrowers Jul 31st 2012, 18:50 The federal regulator for government-backed mortgage giants Fannie Mae and Freddie Mac said Tuesday that he will not allow the firms to reduce loan balances of struggling homeowners, frustrating the Obama administration as it looks for ways to boost a floundering economy. Read full article >>

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