The federal agency overseeing Fannie Mae and Freddie Mac failed to act on almost 100 complaints filed from July 2008 to October 2010, pertaining to possible foreclosure abuse and mortgage fraud at the taxpayer-owned mortgage finance agencies. The companies did not refer the complaints to criminal investigators or other law-enforcement authorities, according to a report issued late Tuesday by the inspector general of the Federal Housing Finance Agency.
Louise Story, Wall Street and finance reporter for The New York Times, speaks with us about this news.
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Comments [2]
I was one of those complaints. I would love if the Take Away would ask some tough questions to the FHFA on my behalf.
In 2008, a contractor for Fannie and Countrywide came into my home and changed the locks and removed $1500 worth of my stuff. There was ONE huge problem, I was not in foreclosure and they never bothered to notify a judge or the sheriff. We found out their contractor was unlicensed, uninsured and was carrying a gun when he was in my home. FHFA is a joke.
They refused to even investigate. Armed men entering homes!!! Are you kidding me?
Why are more people not mentioning the
http://en.wikipedia.org/wiki/Inside_Job_%28film%29
Inside Job ?
Is there heavy refutation that discredits this film?
Or is it that Obama's cabinet has most of the Bankers in it?
What is going on?
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