Freddie Mac Says Mortgage Refund Demands Hit $3.2 Billion

Rick Green, Bloomberg Freddie Mac, the mortgage-finance company operating under U.S. conservatorship, said its pending requests to lenders for refunds on faulty mortgages rose about 19 percent in the first quarter to $3.2 billion. The new total included 38 percent that were outstanding for more than four months, the McLean, Virginia-based company said today in […]