Taxpayer bailout receipient Freddie Mac continues to keep families locked into their old, high interest mortgages vs letting homeowners refinance at lower rates. Why? Underhanded greed, of course. Freddie makes twice the cash off borrowers paying 8% interest rates…than they do from approving a new, refinanced loan that pays only 4% at today’s rates. One guy said Freddie is no better than a thug who bets big on the Giants to win the SuperBowl…then shoots Tom Brady in the foot on Sunday morning.
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