How Fannie Mae and Freddie Mac are keeping homeowners underwater for millions more


Fannie and Freddie are continuing to push borrowers to repay more for their mortgages, with the latest move being a $9.7 billion bonus that will go to the families of mortgage servicers who helped save them from bankruptcy last year.

The money is a direct result of the $1.6 trillion in taxpayer relief they gave to borrowers, including homeowners with lower-than-expected income or a home foreclosed upon.

The bonuses are the latest twist in a series of government actions to help keep homeownership rates from falling, particularly among the nation’s poorest.

The Treasury Department, the Federal Reserve and other federal agencies have paid more than $100 billion to help homeowners with loans that were delinquent.

The largest portion of the bonus, $3.9 billion, is for mortgage servicars, or Fannie or Freddie, that helped save homeowners from foreclosure in the aftermath of the financial crisis.

Fannie’s incentive program for mortgage servicers was extended through 2022, and Freddie was eligible for an additional $2.2 billion.

In all, Fannie will receive $8.2 trillion in additional relief through 2021, according to the Federal Housing Finance Agency.

Freddie has promised to provide additional help, with a $2 billion boost this year for the Federal Home Loan Mortgage Corporation, or Freddie Mac.

That’s the federal agency that helped prop up Fannie, Freddie and the rest of the mortgage giants.

Freddie Mac said in a statement that it is working to make a contribution to the Fannie program that will help homeowners in the hardest hit by the economic crisis.

The federal government has also offered $1 billion in mortgage relief for underwater homeowners, including $1,400 for a single borrower and $1 for each of two or more borrowers.

The Federal Reserve will pay the remainder of the federal bailout to banks and other financial institutions.

The FHA is the largest consumer lender, but Fannie says it has saved borrowers from foreclosure by extending their mortgages and helping them refinance their mortgages.

It said last month that the $9 billion in payments it is providing will be matched by $2,400 to every Fannie mortgage borrower.

It is the latest effort to get borrowers to pay for their mortgage debt, which has soared to more than a trillion dollars.

Fitch Ratings said last week that the FHA’s $1-billion relief plan will not be enough to offset the impact of a federal rescue.

In its statement, the agency said it has already reached $1 trillion in savings through refinancing and foreclosures and will need to find additional savings.

The agency said the $2-billion contribution to Freddie is just one of many additional efforts to help borrowers in distress.

FICO says it will work with lenders to improve borrowers’ financial situations and to make sure they can get on their feet.

FHA has pledged $100 million to help families refinance mortgages in 2017 and 2018, and has said it will provide $50 million to $75 million in mortgage refinancing assistance this year and next.

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