freddie mac: Fannie Mae starts layoffs ... foreclosure volume up, bankruptcy filings up?
- 01/24/09 01:06 AM
Yahoo! Finance reports with a misleading headline that Fannie Mae and Freddie Mac have begun significant layoffs, but then follow up with the fact that while they are laying off people from one division they are beefing up staff on the other side to handle a huge increase in foreclosures. At the same time the Spokane Journal of Business reported that bankruptcy filings are up nearly 30% on the eastern side of Washington, an alarming trend. Wjat does it mean for our marketplace? In my opinion, two important things to consider: 1) these foreclosure sales at distressed prices not only impact … (0 comments)
Yahoo! Finance reports with a misleading headline that Fannie Mae and Freddie Mac have begun significant layoffs, but then follow up with the fact that while they are laying off people from one division they are beefing up staff on the other side to handle a huge increase in foreclosures. At the same time the Spokane Journal of Business reported that bankruptcy filings are up nearly 30% on the eastern side of Washington, an alarming trend. Wjat does it mean for our marketplace? In my opinion, two important things to consider: 1) these foreclosure sales at distressed prices not only impact … (0 comments)
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