Dems: Foreclosure losses could top $100 billion

Report makes case for greater role for Fannie, Freddie

Inman News

If home prices continue to fall, 2 million subprime mortgages could end up in foreclosure from 2007 through 2009, according to a report by Democrats who want to allow Fannie Mae and Freddie Mac to buy more mortgages.

The report, issued by Joint Economic Committee Chairman Sen.

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