mortgage: Freddie and Fannie go to Washington
- 09/10/08 02:36 PM
From USA Today: WASHINGTON — Federal officials announced Sunday they will take control of beleaguered mortgage giants Fannie Mae and Freddie Mac in the government's most aggressive move yet to rescue a financial industry reeling from a year-old mortgage and credit crisis. If you want to know what they are and what they do, here's an article by USA Today that gives you questions and answers about Fannie and Freddie. Q: What do Fannie Mae and Freddie Mac do? A: They provide liquidity for home financing in two ways: They buy mortgages from banks and other loan originators for their own … (0 comments)
From USA Today: WASHINGTON — Federal officials announced Sunday they will take control of beleaguered mortgage giants Fannie Mae and Freddie Mac in the government's most aggressive move yet to rescue a financial industry reeling from a year-old mortgage and credit crisis. If you want to know what they are and what they do, here's an article by USA Today that gives you questions and answers about Fannie and Freddie. Q: What do Fannie Mae and Freddie Mac do? A: They provide liquidity for home financing in two ways: They buy mortgages from banks and other loan originators for their own … (0 comments)
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