fannie mae

Fannie Mae, Freddie Mac, Paulson Bailout?

Posted by on Sep 6, 2008 in fannie mae

http://money.cnn.com/2008/09/06/news/economy/fannie_freddie_paulson.fortune/index.htm?postversion=2008090615 http://biz.yahoo.com/ap/080906/mortgage_giants_what_went_wrong.html With some of the most recent headlines out in the news this weekend, a bailout is expected any time with Fannie Mae and Freddie Mac.  Part of it comes down to saving them before they crash on the stock market.  They don’t think they can raise enough money at this time based on news stories. ...

Read More »

Mortgage Rescue Plan Voted on by the House

Posted by on Jul 23, 2008 in fannie mae

Mortgage Rescue Plan Voted on by the House Has everyone seen this new bill about to pass and article shown here: http://money.cnn.com/2008/07/23/news/economy/housing_bill/index.htm?postversion=2008072318 Up to $300 billion in mortgages to back Fannie Mae and Freddie Mac.  They are saying senate approval is likely and that President Bush may sign it.  272-152 vote in favor.  Some don’t like the idea because they think it’s putting out a presedent of being able to...

Read More »