Mar 21, 2011 12:45PM Today, the U.S. Department of the Treasury announced that it will begin the orderly wind down of its remaining portfolio of $142 billion in agency-guaranteed mortgage-backed securities (MBS). Excerpts from the Presser... Starting this month,Treasury plans to sell up to $10 billion in agency-guaranteed MBS per month, subject to market conditions. At the end of each month, Treasury will post on its website the total agency-guaranteed MBS sales it has made, broken down by coupon and agency. "We're... Mar 21, 2011 4:38PM Freddie Mac is now publishing YouTube videos to share information with the public about foreclosure myths and scams. In each video a housing consumer presents a myth which a Freddie Mac housing counselor then responds to with facts and concrete guidance. In the third video for example, the counselor tells a borrower that one late payment will not trigger a foreclosure. He then advises the borrower to immediately contact his lender if missing a payment was inevitable. He offers a short explanation...
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