A conflict of interest is said to be 'at the heart' of the giant, government-owned mortgage company.
A flurry of refinancing follows, but vast numbers of 'underwater' loans continue to weigh down the housing market.
Any underwater borrower, no matter how much negative equity they have, will be able to apply for a HARP refinance.
However, the number of applications for refinancing declined. What will the future bring?
Thirty-year rates drop to a record low of 3.94%. But will consumers be able to take advantage?
Some of these blunders are made because we're slackers, some because we're just too optimistic for our own good.
Mortgage rates are the lowest since the government began keeping track in 1971 and could go lower still.
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The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Your Easter celebration, from ham and eggs to spring clothes, will take a bigger toll on your wallet this year.
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