Freddie Mac Gets Tough as Loan Costs Top $84 Billion: Mortgages

Freddie Mac Gets Tough as Loan Costs Top $84 Billion: Mortgages

Joshua Lott/Bloomberg

Fannie Mae and Freddie Mac are stepping up efforts to sell back faulty mortgages they purchased from lenders during the U.S. housing bubble as they seek to whittle down the cost of a taxpayer bailout.