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SIGTARP Slams Freddie’s HAMP Performance
Freddie Mac wasn’t set up to be the traffic cop for a president’s housing rescue plan, and it shows. The Special Inspector General of the Troubled Asset Relief Program examined the GSE’s role as compliance agent for the Obama administration’s Home Affordable Mortgage Program and found Freddie wanting on a number of levels. The TARP’s Office of Financial Stability “observed that Freddie Mac...
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