Bank of America Finally Says “Enough” to Frannie/Freddie?

Bank of America Corp. (BAC) disclosed that it stopped selling certain mortgages to Fannie Mae (FNMA), the government-controlled, mortgage-finance company, in an ongoing dispute over how to handle delinquent loans.
Good.

 The Federal Government should not be in the business of mortgages anyway.   Its  a big loser  for all of us.

 

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