Freddie Mac vs AHM
What a clusterfuck. When American Home Mortgage went bankrupt, Freddie Mac seized $7 million in payments that homeowners had made, some of which was for insurance payments and property taxes. But American Home refused to give Freddie Mac the files saying who should be paid what. "Therefore, there is the imminent risk that borrowers' insurance policies may lapse for nonpayment, subjecting the borrowers to a risk of loss of their mortgaged properties," Freddie Mac now says.
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