Officials at Fannie Mae and Freddie Mac could avoid a federal bailout. It all hinges on the two lenders' payments on more than $220 billion in bonds this quarter. The two companies make up 42 percent of the nation's mortgage market, according to this Bloomberg story. Their losses due to subprime mortgages and bad investments has helped crash the U.S. housing market, and left many in foreclosure.
The Law in Your Life has detailed programs on foreclosure and what Missourians need to know about the process. This podcast with attorney Lee Viorell discusses what you should know if you are in foreclosure, face foreclosure, or buying a foreclosed home. Considering bankruptcy? Find out how this impacts foreclosure with attorney Ed Karfeld.
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