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freddie mac: Banks left holding Fannie's bag. - 09/07/08 09:05 PM
 
The Fed takeover of Fannie and Freddie came as no surprise with speculation running rampant for weeks on how not when it would happen. Many analysts felt that some sort of capitalization from the Feds would be the best approach as it would best serve the faithful investors (and speculators) who have so much at stake.
However, the bailout effectively nationalized the mortgage industry with the government taking over and becoming the top dog moving ahead of all other investment positions. Investors had paid billions to ensure their positions as preferred stockholders. How this will affect those investors remains … (6 comments)

 

Rick Fitzgerald -The MultiFamily Expert

Chattanooga, TN

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Multifamily investments and straight talk from a Senior Underwriter, Banker and Lender. Rick Fitzgerald and AAM Capital (www.themultifamilyexperts.com) covers multi family investments, banking news and commercial real estate. Find out what we can do for you by calling us today. Get the Mortgage and Loan Calculators widget and many other great free widgets at Widgetbox!

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