Is the Obama administration failing the housing market? Maybe.
Hennepin County has filed a $10 million dollar lawsuit against Fannie Mae and Freddie Mac on Friday morning. County attorney Mike Freeman says he wants to bring justice to people who were harmed by what he calls “reckless behavior” by the two lenders during the housing boom.
One generation tells stories about the days mortgage rates were at 15 percent in the early 1980s.
Standing in the yard of the Blaine home they have owned for the past nine years, Kipper and Samija Wilson have done the math on their current mortgage.