LV RealEstate will definitely be affected by the following: U.S. seizes Fannie and Freddie

Posted by christine | Real Estate | Sunday 7 September 2008 9:10 pm

“Treasury chief Paulson unveils historic government takeover of twin mortgage buyers. Top executives are out.”

By David Ellis, CNNMoney.com staff writer

The move, which extends as much as $200 billion in Treasury support to the two companies, marks Washington’s most dramatic attempt yet to shore up the nation’s housing market, which is suffering from record foreclosures and falling prices.”

That is a major step that the Government took to stabilize the economy.For more details on this topic, please go to: (CNNMoney.com)

No Comments

No comments yet.

RSS feed for comments on this post. TrackBack URI

Sorry, the comment form is closed at this time.