Fannie, Freddie shares rise for 3rd straight day which is great news for the mortgage and lending business.
These 2 lending giants insure or hold more than half of all US loans and mortgages.
Washington-based Fannie Mae completed a $2 billion sale of short-term debt on Wednesday, two days after McLean, Va.-based Freddie Mac sold the same amount of debt
the companies may be able to avoid that by raising capital from investors or reducing the size of their balance sheet by limiting mortgage acquisitions, he said.
The survival of these companies are critical not only to the mortgage industry. The are the lifeblood of Real estate and thus the US economy.
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