Risks are rising that Fannie Mae and Freddie Mac may need a government bailout that could cost far more than previous rescues.
NEW YORK (CNNMoney.com) — Among the nightmares lurking around the corner for the already battered housing and credit markets would be a meltdown at mortgage financing giants Fannie Mae and Freddie Mac.
Although few are […]
The trillion-dollar mortgage time bomb
April 21st, 2008 · No Comments
Tags: Foreclosure Statistics · Mortgage Notes
What the Fed Really Did With JP Morgan, Bear Stearns Mortgage Debacle
March 30th, 2008 · No Comments
To understand what’s going on, go back to the weekend of Mar. 15-16, when the Fed encouraged JPMorgan to buy Bear Stearns at a fire-sale price to keep Bear from going under and dragging other banks down with it. Even at $2 a share, JPMorgan wasn’t willing to do the deal because lots of […]
Tags: Mortgage Notes