Home : Blogs : Clint & Mindy Cronic : Redding, California Real Estate Blog - The Cronic Group

Fed Takes Over Fannie Mae & Freddie Mac

On Sunday, Federal officials unveiled the elaborate plans to takeover Fannie Mae and Freddie Mac, the two giants in mortgage lending backers in the United States. Fannie Mae and Freddie Mac currently back over $5 trillion in home loans, not directly lending the money but backing the money that is lent by mortgage lenders.

Click Here to read the entire post

Posted by Clint & Mindy Cronic on 09/08/2008 10:38 AM

Comments (1)

This post has been included in California Information Shasta County, CA Information
Post is included in group: GMAC Real Estate
Post is included in group: GMAC Real Estate Premier Network
Post is included in group: Local Expert
Post is included in group: Posts to Localism
Post is included in group: Realtors®

1 Comments on Fed Takes Over Fannie Mae & Freddie Mac

SEP

2008

I wondering how this is going to affect the real estate business and consumers!

Leave a response…

Name:

Email:
(optional)

Comment:

What does the graphic say?