Thursday, March 08, 2012

Inspector general redacts key Freddie Mac financial data


If you gave someone $72.2 billion to keep them afloat, you would probably want to know how they plan to save money in the future.

The Federal Housing Finance Agency and Freddie Mac don't agree with you. Both the government-sponsored enterprise and its regulator redacted this very information in an Office of Inspector General report released Tuesday.

So what was blacked out of the report? Oh, just how much money Freddie could save if its mortgage servicers complete a certain amount of modifications and short sales.

AUD 2012-001

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