Only time will tell if the bailout of the two mortgage giants will help stabilize this troubled market.

One thing the taxpayer funded rescue does is remove the uncertainty existing on 50% of the outstanding loans nationwide.

Could this be the trigger that lays a foundation for a recovery of the mortgage market?

If history does indeed repeat itself, the answer is a resounding Yes.  I do not know a significant government bailout in the last century that has failed.

While it is unlikely to have an immediate impact, the taxpayer infused boost to the lending giants are sure to stabilize the lending markets in the intermediate to long term.

In places like Las Vegas, this is unlikely to give immediate relief to those seeking financing for products like high-rise condos and risky condo hotel units.  That being said, any relief is welcome.

Tom Garcia can be reached at 702-250-6355

www.VegasLuxuryLiving.com

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