Freddie Mac, a taxpayer-owned mortgage company, is supposed to make homeownership easier. One thing that makes owning a home more affordable is getting a cheaper mortgage.
But Freddie Mac has invested billions of dollars betting that U.S. homeowners won't be able to refinance their mortgages at today's lower rates, according to an investigation by NPR and ProPublica, an independent, nonprofit newsroom.
A program to help homeowners avoid foreclosure is being extended in Colorado and 26 other states. The Emergency Homeowners Loan Program provides emergency bridge loans to those in danger of losing their homes because of economic hardship.