I would like to take credit for this information, but I found it while reading another blog. I have to give Matt Heaton credit for coming up with this information on a Sunday. That is dedication. Here is a link to his blog:

http://www.activerain.com/blogsview/591574/Treasury-announces-their-Fannie

He has two other links to Financial Times articles about what is going on, but basically, the way I read it, the federal government is stepping to to make sure these giants don't fail. It is a three pronged approach. I don't want to rewrite everything hes has said, go there and read it, it is well worth your time. There is no telling what this will do to the bond market tomorrow morning, but I am expecting a pretty wild ride while the market digests all of this. Keep tuned, I will try to keep you posted.

 

 

 
Post is included in group: True Mortgage Professionals
Post is included in group: Everything Oregon
Post is included in group: Eugene Oregon Real Estate
Post is included in group: Oregon's New Construction & Development Experts
Post is included in group: Responsible Mortgage Lenders

1 Comments on Fannie & Freddie Bail Out

Looks like Wall Street is in for another roller coaster ride this week. 

07/13/2008 06:45 PM by Rob Arnold, Florida Realtor / Investor (Sand Dollar Realty Group, Inc.)

Leave a response…

Name:
Notify me of new comments:
Comment:
What does the graphic say?
 
Loan Officer: Fred Chamberlin - Eugene/Springfield's #1 Experienced FHA Mortgage Consultant (Alpine Mortgage Planning)
Fred Chamberlin - Eugene/Springfield's #1 Experienced FHA Mortgage Consultant
Eugene, OR
More about me…
Alpine Mortgage Planning

Office Phone: (541) 342-7576
Cell Phone: (541) 221-3455
Email Me
fha mortgage, real estate loan, FHA 203k streamline, eugene, springfield, lane county, oregon, mortgage, banker, events, reviews, green lending, mortgage broker, lender, loans, conventional, fannie mae, freddie mac, direct lender, experienced, professional, VA loans, veteran, home buyer, first time home buyer.

Links

Tags (Tag Cloud)

Archives

RSS 2.0 Feed for this blog
ATOM 1.0 Feed for this blog

Find OR real estate agents and Eugene real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved