I’m sure most of you have seen the fact that FRE and FNE have been taken over by the government. There are a lot of opinions out there about the implications of such a move but the market seems to love it.
Loading ...Here is a good news story on the topic. Any one have an opinion on this?
Bailout of mortgage giants should result in lower mortgage costs and make credit more available. But lending standards will stay tight and risky borrowers will still pay extra fees.
What rescue means for mortgage rates
.
.
.
September 8th, 2008 at 1:21 pm
Is this the bill about government backed mortgages to help save the housing crisis?
I would be unsure about how this will play out for investors, but it seems like a good thing for home owners.
September 8th, 2008 at 1:23 pm
This bill is taking 2 publicly traded companies and making them government owned