Home Register FAQ Members List Social Groups Calendar Search Today's Posts Mark Forums Read

Go Back   New House Flip > Buying Properties > Real Estate Finanacing
Reload this Page Fannie and Freddie pullback would devastate ecomomy

Reply
 
Thread Tools Display Modes
  #1  
Old 11-24-2007, 01:38 AM
beangel40 beangel40 is offline
Senior Member
  
Join Date: Jul 2007
Posts: 300
Thanks: 0
Thanked 2 Times in 2 Posts
Default Fannie and Freddie pullback would devastate ecomomy
WASHINGTON (Reuters) - If anyone thinks the current U.S. housing downturn is bad now, things would get far worse if Fannie Mae (FNM.N: Quote, Profile, Research) or Freddie Mac (FRE.N: Quote, Profile, Research) were to suddenly stop buying mortgages, a move that would drive up the costs of home loans and devastate the economy

read more
http://www.reuters.com/article/gc03/...18057620071123
Reply With Quote
  #2  
Old 11-24-2007, 12:58 PM
bartongrl1 bartongrl1 is offline
Moderator
  
Join Date: Jun 2007
Posts: 488
Thanks: 0
Thanked 10 Times in 9 Posts
Default Fanny and Freddie pullback would devastate economy
I am hoping that it doesnt come to that. But with things the way they are, it is a wait and see situation.
Reply With Quote
Reply

« Previous Thread | Next Thread »
Thread Tools
Display Modes
Linear Mode Linear Mode

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT. The time now is 09:22 AM.
Style Developed by Andrew Slane

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd. 		Contact Us - New House Flip - Archive - Top