freddie mac: Fed Fannie Mae / Freddie Mac bail out - what next?
- 09/08/08 02:29 AM
By now everyone has heard about the historic bail out of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) by the government. In the short term this looks like a good move. The two companies are saved from insolvency and they can continue with business as usual. Is this good or bad in the long run? I think it depends on how ready FHA is to take the lead in mortgage lending in America. Look at some of the ramification of the take over.
I work at SecurityNational Mortgage and am always looking for experienced loan officer and branch managers that are interested in a better opportunity.
By now everyone has heard about the historic bail out of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) by the government. In the short term this looks like a good move. The two companies are saved from insolvency and they can continue with business as usual. Is this good or bad in the long run? I think it depends on how ready FHA is to take the lead in mortgage lending in America.
;)
;)
