NPR: As Homeowners Struggle, Freddie Mac Benefits

As Homeowners Struggle, Freddie Mac Benefits

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The National Urban League Wire

Published: Wed. Dec 31, 1969 at 7:00 pm | Updated: Tue. Jan 31, 2012 at 1:56 pm | Comments: 0

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NPR: As Homeowners Struggle, Freddie Mac Benefits

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An investigation by ProPublica and NPR finds that Freddie Mac has invested billions of dollars in bets against struggling homeowners. Public records show that Freddie Mac, in a potential conflict of interest, sought to make gains when homeowners failed to qualify for refinancing.

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