The mortgage settlement between leading lenders and most state attorneys general isn’t going to fix the nation’s residential real estate mess. That can’t be cleaned up with any single plan or settlement. Ideas that help restore a normal home sales market will have the greatest impact on the most people and - eventually - the entire economy. A new plan to promote bulk sales of foreclosed homes held by Fannie Mae and Freddie Mac could do a lot to help.
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With CEO's like Chuck involved - only the beig boys (the ones he wants in his corner) will be able to play. Chuck likes to think he walks among the masses, but some of us know Chuck better than his self promotion. The former "most ethical" man in the mutual fund industry doesn't live up to the leagacy he tried to buy. http://www.npr.org/2012/01/30/145995636/freddie-mac-betting-against-struggling-homeowners When Chuck negotiated with Bank of Un-America to take back the toxic loans it dumped on Freddie -Chuck was very generous. 57% of the toxic mortgages came from Bank of Un-America - Chuck said don't a sweat it - just take back a quarter of the garbarge - the taxpayers can eat the rest. I wonder where Chuck's going when is resignation takes effect (I know where he should be going- but "what are the odds" of that). I can read the headlines now. "Charles "the fixer" Ed Haldeman joins Bank of Un-America."