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mortgage risk: Government Intervenes to Stabilize Fannie, Freddie; Will Mortgage Risk Fall? - 09/08/08 04:44 PM
In a widely anticipated move, the United States Treasury placed mortgage giants Fannie Mae and Freddie Mac in conservatorship this weekend, shoring up markets for the mortgage giants debt, but essentially canceling the value of those companies' stock.  This move is seen as providing much-needed reassurance to mortgage investors that their investments will hold value. 
Government Sponsored Entities (GSEs) Fannie and Freddie are integral to the mortgage and real estate markets, as they guarantee over $5 trillion in home mortgages, roughly half the US market.  Recently, the cost of borrowing under a mortgage has increased dramatically in comparison to other types … (1 comments)

 

Dan Hartman

Providence, RI

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Province Mortgage Associates - (401) 263-8655

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Dan Hartman's Blog about mortgages, real estate, and the economy in New England, and the United States, especially Rhode Island Rates, Connecticut Mortgages, Massachusetts Rate Locks, and New Hampshire Home Sales. Let Dan leverage his MBA in Finance and experience as a college professor for you! Locations of visitors to this page Site Meter


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