Consumers are now concerned that bailing out Fannie Mae and Freddie Mac will cost them about $154 billion according to the mortgage giants’ regulator.

But many St. Louis refinancing experts say the actual bill may be twice the $136 billion that has already been put out if this economy continues its out-of-control downfall.

The projections, based on the results of a home-price “stress test” by the Federal Housing Finance Agency, offered the first public estimates of the final cost of the…
http://www.home-insurance-home-mortgage.com/2011/05/16/st-louis-mortgage-taxpayers-brace-for-fannie-and-freddie-losses/