Several House Democrats slammed Fannie Mae this week over reports that, in Florida, the mortgage finance giant has hired experts at expediting foreclosures to run programs designed to prevent them.You can't have Fannie Mae problems if you don't have Fannie Mae.
"In other words, Fannie Mae seems to specifically delegate its foreclosure avoidance obligations out to lawyers who specialize in kicking people out of their homes," Democratic Reps. Barney Frank (Mass.), Alan Grayson (Fla.) and Corrine Brown (Fla.) wrote Friday to Fannie CEO Michael Williams.
Saturday, September 25, 2010
House Dems want answers from Fannie over Florida 'foreclosure mills'
The Hill reports: