Mortgage Lending Just Broke, Fannie & Freddie Freaking Out!

Something is seriously wrong in the mortgage lending business with all the major players now on the defensive as once again it appears that widespread fraud is causing a major disruption to the flow of credit in real estate. Chaos has erupted in the mortgage business this week that the mainstream press is ignoring.

WeWork’s Abandoned Leases
Tied to $1.85B in CMBS Debt

Freddie Mac Bolsters Underwriting, Removing Brokers
From Due Diligence Chain