The Fed announces today that it will commit $800 Billion Dollars, to help ease tension for consumers, and small business. This is a glimpse of light at the end of a long tunnel for home buyer's and all who have suffered losses to their jobs, and failing business's who have been unable to keep up with their loan payments, as a result of troubling economic times. Here is the breakdown, the Fed will purchase $100 billion of debt from Freddie Mac, Fannie Mae, and the federal home loan banks. Another $500 billion for mortgage-backed securities backed by Fannie, Freddie and Ginnie Mae. The remaining … (0 comments)
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