More than five years have passed since the mortgage bubble began to pop, and scammers taking advantage of homeowners still abound. In fact, the criminals and their techniques have become increasingly sophisticated.
President Barack Obama%u2019s administration may propose that any government backing of mortgages be funded by fees on mortgage lenders, The Wall Street Journal reported.
The administration has not come up with a final plan for mortgage entities Fannie Mae and Freddie Mac, The Wall Street Journal reported without naming its sources. Still, the consensus is that the mortgage market requires some kind of government guarantee.