Report: Treasury Outsourced Foreclosure Bailout

The government’s efforts to stem the foreclosure crisis may have been hampered by its reliance on Fannie Mae and Freddie Mac, according to a new report.

The two mortgage giants have “a history of profound corporate mismanagement,” and were overly reliant on subcontractors, the report by the Congressional Oversight Panel said.

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Report: Treasury Outsourced Foreclosure Bailout originally appeared on DailyFinance on Thu, 14 Oct 2010 07:33:00.

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Bill Limiting Foreclosure Challenges Awaits Obama’s Signature

A bill that would make it more difficult to challenge the legality of documents related to foreclosures has passed Congress and is awaiting President Barack Obama’s signature.

The bill was passed through Congress with minimal debate, Reuters reported…