Mortgage Giants May Develop New Loans To Help Distressed Borrowers

     The NY Times is reporting that the “heads of Fannie Mae and Freddie Mac said Tuesday the mortgage finance giants are developing new types of loans to help distressed borrowers with high-risk mortgages keep their homes at a time of rising foreclosures.”  I wouldn’t hold my breath waiting for this if I were a homeowner in trouble.

Read the article here.