Apr 152012

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

Part 1

Fannie Mae sheds loans, taxpayers pay the price

Fannie Mae pressures banks to foreclose despite promises to keep families in homes.

Part 2

Fire sales cripple metro homes values

Fannie Mae, Freddie Mac sell foreclosed homes for pennies on the dollar, harming metro Detroit home values.

Part 3

Homeowners: We got roadblocks, not help

Homeowners 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


 April 15, 2012  Posted by at 6:58 pm Foreclosures and Evictions Tagged with: ,  Add comments

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