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Report Finds Freddie Mac Fails Homeowners

8:41 PM, Mar 21, 2013   |    comments
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WASHINGTON, DC (WUSA) -- They own and manage 10.6 million mortgages.

But a report by the inspector general overseeing the Federal Housing Finance Agency finds Freddie Mac and its regulator are failing the homeowners they serve.

The investigative watchdog says 21 percent of homeowner complaints were not resolved within 21 days.

And, the agency also says Freddie did an inadequate job to make sure it complied with the rules. 

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