FHFA Rejects U.S. Treasury Request for Mortgage Debt Writedowns

FHFA Rejects U.S. Treasury Request for Mortgage Debt Writedowns

Joshua Lott/Bloomberg

Fannie Mae and Freddie Mac have completed 1.1 million loan modifications since the end of 2008, and have engaged in more than 1 million other transactions to avert foreclosures, including short sales or repayment plans.