Rush To Foreclose By Fannie, Freddie Helped Feed Problems With Legal Paperwork

Fannie, Freddie's Rush To Foreclose Fed Housing Chaos

As the housing market came crashing down in 2008, the giant mortgage company Fannie Mae took an unprecedented step to help tackle the rising tide of foreclosures. It named an exclusive group of law firms that would help rapidly carry out the unsavory task of filing legal paperwork to remove homeowners from their homes.

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