After the Obama administration instituted the Home Affordable Refinancing Program (HARP) to help homeowners refinance their mortgages at lower interest rates, Freddie Mac placed heavy restrictions on the program out of fear that it would hurt the company’s bottom line and its ability to repay taxpayers. But two Republican appointees and one executive also held back the program, ProPublica’s Jesse Eisenger reports, because they thought it would help the economy under a Democratic president:
READ MORE; http://www.nationofchange.org/republican-housing-appointees-sabotaged-mortgage-assistance-programs-stop-backdoor-economic-stimulus
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