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Fed Governor Randall Kroszner said rising mortgage foreclosures are an " urgent problem " and called on Congress to pass a Fannie Mae and Freddie Mac regulatory bill. Speaking at the NeighborWorks America Symposium in Cincinnati on Wednesday, Kroszner said foreclosures lead to a loss of one-fifth to...
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Freddie Mac has joined with 14 other major financial organizations including some of the nation's largest mortgage originating and servicing companies to create a multi-faceted foreclosure avoidance program. The program, which will be largely administered by the NeighborWorks® Center for Foreclosure...