Wednesday, October 05, 2011

Fannie Mae Knew Early of Abuses, Report Says

The New York Times reports:
Fannie Mae, the mortgage finance giant, learned as early as 2003 of extensive foreclosure abuses among the law firms it had hired to remove troubled borrowers from their homes. But the company did little to correct the firms’ practices, according to a report issued Tuesday.
Yet, Eric Holder can't find anyone at Fannie to prosecute. Is Eric Holder more corrupt than you think? No word yet on this story from NBC's David Gregory's wife of Fannie Mae legal fame on this one.