by Moe Bedard
Fannie Mae is cutting hundreds of local jobs at its Washington headquarters as it adds workers to combat foreclosures.
Fannie said it’s cutting jobs in its communications, technology and single-family homes divisions and adding staff to its Dallas division where Fannie Mae operates their foreclosure prevention and loss mitigation efforts. The job reductions in Washington are [...]
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by Moe Bedard
Fannie Mae and Freddie Mac are breaking out the foreclosure freeze guns during the holidays and suspending foreclosures on occupied homes until early 2009. (Sorry again investors. Freddie and Fannie are leaving you in the cold)
Isn’t it amazing that they can just flick the foreclosure switch like that?
“We felt it was in the best interest of both [...]
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