Article by Christopher M Lee Fannie Mae Acknowledges Policy Change That Favors Foreclosure Over Loan Modification – Finance – PersonalFinance Search by Author, Title or Content Article ContentAuthor NameArticle Title Home Submit Articles Author...

In recent months, banks and financial advisors have been reporting an unusual trend. The federally owned and operated mortgage securities bank, Fannie Mae has been quietly encouraging smaller banks–Bank of America and Chase, for instance-to foreclose on homeowners. This comes at a time...