This looks like an important bit of actual journalism from an American newspaper (Detroit Free Press)
Fannie Mae promises to keep families in homes, but instead pressures banks to foreclose
The first of a three part series, the article details how internal Fannie Mae records show a pattern of forcing sales of the homes of families whose payments are delinquent, even as the families were being assured they could obtain mortgage relief.
In addition to shoving families to the curb, this only worsens the situation in neighborhoods with sharply declining property valuations.
Furthermore, the US Taxpayer is on the hook for losses on these loans, thanks to the federal bailout.
Government of the 1%, by the 1%, for the 1%! They took the "risks" (actual risks may vary), we get to pay (something like $400 billion, when all is said in done), and some of us get the shaft anyway (and end up on the street).
The [confidential] records cover Fannie Mae's foreclosure decisions on more than 2,300 properties, a snapshot from among the millions of mortgages Fannie handles nationally. The documents show Fannie Mae has told banks to foreclose on some delinquent homeowners -- those more than a year behind -- even as the banks were trying to help borrowers save their houses, a violation of Fannie's own policy.