Added: Nov 19, 2008
From: DBICKFORDALANZ
Duration: 7:28
Can Fannie, Freddie Deal Fix Housing?By MARTIN CRUTSINGER and ALAN ZIBEL, APposted: 43 MINUTES AGOcomments: 0filed under: MortgagesPrintShareText SizeAAAWASHINGTON (Sept. 8) - The government has just become one of the biggest players in the U.S. mortgage market. Mortgage Giants' Historic Bailout AP (2)5 photos Mortgage lending giants Fannie Mae and Freddie Mac, which own or guarantee more than $5 trillion in home loans, are being placed in a government conservatorship as they struggle through an extended housing slump. Combined, the two companies have lost about $14 billion over the last four quarters. (Note: Please disable your pop-up blocker)More Fannie, Freddie Coverage:• Taxpayer Impact• Obama, McCain React• What About Struggling Borrowers?• World Markets CheerFrom the Blogs:• Winners and Losers• New CEOs Come From Outside• Details of Fannie, Freddie Deal• Bad News for Lehman?The Bush administration announced Sunday it was seizing troubled mortgage giants Fannie Mae and Freddie Mac in a bid to help reverse a prolonged housing and credit crisis.But private analysts worried that it may not be enough to stabilize the slumping housing market given the glut of vacant homes for sale, rising foreclosures, rising unemployment and weak consumer confidence.Mark Zandi, chief economist at Moody's Economy.com predicted that 30-year mortgage rates, currently averaging 6.35 percent nationwide, could dip to close to 5.5 percent. That's because investors will be more willing to buy the debt issued by Fannie and Freddie - and at lower rates - since the federal government is now explicitly standing behind that debt."Effectively, the federal government has now become the nation's mortgage lender," he said. "This takes a major financial threat off the table."Officials announced that both Fannie Mae and Freddie Mac were being placed in a government conservatorship, a move that could end up costing taxpayers billions of dollars.
Channel: News
Tags: adminstration bickford bush douglass fannie freddie government hagee headline jesus john mac may news takeover truthtv
Rating: 2.75 (8 ratings) Views: 700 Comments: 11
snowbearbickford Says:
Nov 19, 2008 - You obviously have a direct line to the Creator. What's next?
snowbearbickford Says:
Nov 19, 2008 - NWO always uses the same tactic...CREATE a problem...then FIX it.....Uh...huhh............
boomya555 Says:
Nov 19, 2008 - what happen with the grocery store you think is a fema camp building??.
DBICKFORDALANZ Says:
Nov 19, 2008 - It will NEVER get USED because GOD whom I call their Great Spirit,Creator,Jesus,Allah,Jehova,Yaweh is going to bring PEACE not war! No WW3, NO FEMA Camps, No RFID CHIP No ECONOmIC COLLAPSE! He is bringing PEACE WITH TRUTH and TRUTH WITH PEACE! THE uSA GOVERNMENT is GOING DOWN SOON!
DBICKFORDALANZ Says:
Nov 19, 2008 - Please UNEDUCATE YOURSELF from THE BRAINWASHING of S0-CALLED DR RON PAUL(he IS RESPONSIBLE for THE DEATHS of 2794 people ON 911)! If HE WASN'T IN on IT he WOULD tell ALL OF YOU BRAINWASHED RON PAUL SUPPORTERS THE TRUTH ABOUT IT! yOU know why HE WONT because then HE COULDN'T CONTINUE to TAKE YOUR MONEY for HIS INTERNET SCAM campaign FOR LIBERTY LIE! IF he WANTED TO HELP US and BRING BACK OUR LIBERTY he WOULD EXPOSE THE 911 LIE and BUSH WHO HE BLAMES for the IRAQ WAR would GO DOWN THE TUBES!
boomya555 Says:
Nov 19, 2008 - Okie dokie. Wow.
beefnliver Says:
Nov 19, 2008 - Thanks to Democrats Chris Dodd and Barney Frank and Charles Schummer who ignored White HOuse warnings. Someone please tell the liberal mass media that these guys are to blame not Bush.
Kravchak Says:
Nov 19, 2008 - Your an idiot, the REPUBLICANS deregulated and ran the 3 parts of gov. until Nov of 96 they screwed us and all you can do is listen to FOX news crap, get educated you fool.
momatree48 Says:
Nov 19, 2008 - Alrighty now........................
momatree48 Says:
Nov 19, 2008 - You're talking about 1996??? What???
DBICKFORDALANZ Says:
Nov 19, 2008 - The Bush administration announced Sunday it was seizing troubled mortgage giants Fannie Mae and Freddie Mac in a bid to help reverse a prolonged housing and credit crisis.But private analysts worried that it may not be enough to stabilize the slumping housing market given the glut of vacant homes for sale, rising foreclosures, rising unemployment and weak consumer confidence.