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The latest from the rumor mill: possible Fannie/Freddie takeover

The Associated Press is reporting that a federal takeover of Fannie Mae and Freddie Mac may happen as early as this weekend, quoting a source "briefed on the matter," who spoke on condition of anonymity.

What a difference a month makes.

Fannie, Freddie, and Treasury officials declined comment.

Get set for another wild ride, folks.

Posted by Jason Buckingham on 09/05/2008 10:07 PM

Comments (2)

Fannie Mae / Freddie Mac in the Mortgage / Finance Channel

fannie mae, freddie mac, government, legal reform

Post is included in group: California Loan Modifications, Short Sales, & REOs
Post is included in group: California Short Sales, REO's, and Foreclosures
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2 Comments on The latest from the rumor mill: possible Fannie/Freddie takeover

SEP

2008

Looking forward to see what happens in the near future. Thanks for the post!

Thanks for the heads up Jason. Personally I've been expecting this for awhile. Naturally they would do it over a weekend. Here we go again. www.vizionkc.com

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