Special offer

Bailout for Fannie Mae and Freddie Mac

By
Real Estate Agent with Mizner Grande Realty - Boca Raton, Florida Waterfront Expert

The government will be bailing out mortgage giants Fannie Mae and Freddie Mac and hopefully this will give the real estate market the stability it needs. Anything to move us in the direction of a more balanced market is welcomed.  The two companies will get two new CEO's and a huge cash infusion to the tune of around $100 billion for each company.  The bad news is somewhere down the road we will be paying for it with increased taxes.

Comments(0)