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$400 Billion Aid for Fannie Mae, Freddie Mac
3 hours ago ago from RelistrReal Estate News, Mortgage, Housing, Homes For Sale - Relistr.com
The U.S. Federal Housing Finance Agency (FHFA), may ask the Treasury Department before the end of the year for an increase in the $400 billion federal lifeline provided to Fannie Mae and Freddie Mac, according to a Bloomberg report. Fannie Mae and Freddie Mac own or guarantee half of all U.S. mortgages. Treasury officials aren’t likely to take the chance of allowing the companies to fall into receivership, which is a bankruptcy-like ...
Related contentA Look At The Ready Mortgage Refinancing Plans
12 hours ago ago from The Daily News
By Jamie Jones The new financial crisis in the United States has placed homeowners in a massive financial situation. Now some are nervous about their ability to pay their monthly mortgage bills. Fortuitously, you can contact financial counselors in order to learn which is the best type of loan for your situation. If you feel yourself in a status that will not allow you to pay your mortgage loan, the good news is that there are various ...
Related contentCalling the Kettle Black
13 hours ago ago from Live Oaks
Sunday's Chronicle editorial attacks Congressman John Culberson for opposing Metro's University Line: It doesn't take a psychic to predict Houston Rep. John Culberson's future stance on light rail through his district. The five-term 7 th District Republican has been predictably and consistently obstructive and dishonest in concocting an endless stream of rationales for opposing the University Line route down Richmond and Westpark . One ...
Related contentQuiet Coup Towards Nationalization
22 hours ago ago from Economy News, Ocean Economy
The Financial Times is reporting Central banks float rescue ideas . Central banks on both sides of the Atlantic are actively engaged in discussions about the feasibility of mass purchases of mortgage-backed securities as a possible solution to the credit crisis. Such a move would involve the use of public funds to shore up the market in a key financial instrument and restore confidence by ending the current vicious circle of forced sales, ...
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Interest Rates Are Low, but Banks Balk at Refinancing
23 hours ago ago from The New York Times
Mortgage rates in the United States have dropped to their lowest levels since the 1940s, thanks to a trillion-dollar intervention by the federal government. Yet the banks that once handed out home loans freely are imposing such stringent requirements that many homeowners who might want to refinance are effectively locked out. Multimedia The scarcity of credit not only hurts homeowners but also has broad ...
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