How Fannie Mae and Freddie Mac Feed the Housing Crisis

Indeed, she claims Fannie execs intentionally signed up premature modifications with ineligible borrowers — because the execs qualified for bonuses up to 20 percent of their salaries if they produced enough trial modifications, even if few ever became permanent.

Here. The trial modifications are not translating into permanent modifications.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s