Fannie Mae pressures banks to foreclose, contrary to promises to keep families in homes
A 3-part Free Press investigation on lenders Fannie Mae, Freddie Mac
- BY Jennifer Dixon / DETROIT FREE PRESS STAFF WRITER
Part 1Fannie Mae sheds loans, taxpayers pay the priceFannie Mae pressures banks to foreclose despite promises to keep families in homes. |
Part 2Fire sales cripple metro homes valuesFannie Mae, Freddie Mac sell foreclosed homes for pennies on the dollar, harming metro Detroit home values. |
Part 3Homeowners: We got roadblocks, not helpHomeowners share their frustrations about the HAMP federal foreclosure relief programs. |
Related materials: Interactive map: Fannie Mae, Freddie Mac metro Detroit foreclosures sales compared to market value | Confidential records show how Fannie Mae breaks the rules | How metro Detroit homeowners can get help | Who are Fannie Mae and Freddie Mac? | Programs for financially troubled homeowners haven’t helped much to date | How this report was compiled | True cost of foreclosure: Lenders, communities, neighbors all end up paying
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