Fannie Mae Chasing Old Post-Foreclosure Debt

Despite being profitable, Fannie Mae is chasing old debt- perhaps to recover losses incurred during the foreclosure boom. Many homeowners have post-foreclosure deficiencies- due to the loss of equity, as a result of a bubble created by lenders

Now, they seek to profit further from their risking lending pratices by chasing old deficiency debt. This places homeowners in a significant financial disadvantage.

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