After the turmoil on the stock markets in the last few weeks President Bush has finally received support and has signed the $700 billion rescue package which should bolster the markets and restore consumer and investor confidence. The $700 billion has been allocated for the Federal Government to buy bad mortgage loans to shift the […]
Tag Archives: US Economy
New Albany Real Estate: National Association of Realtors Comments on Fannie Mae & Freddie Mac
TheNational Association of Realtors has commended the US Treasury on its steadfast approach with regard to Fannie Mae & Freddie Mac (FNMA & FHMLC) two of the biggest players in the secondary mortgage market as purchasers of conforming loans. Fanie Mae and Freddie Mac help bring the mortgage industry national standards and guidelines much in […]
