The Real Estate Encyclopedia
U.S. doubles Fannie, Freddie backing to $400 billion
Category - Mortgage Questions - Mortgage Loans FAQ's
FANNIE, FREDDIE

As part of the Obama administration's plan to reduce foreclosures, the federal government yesterday doubled its commitment to Fannie Mae and Freddie Mac, promising to reimburse the companies for up to $400 billion in losses on their investments in mortgage loans.

Feb. 19, 2009



Read the full story:

http://www.floridarealtors.org/NewsAndEvents/n5-021909.cfm
 
Category(s)
Mortgage Questions - Mortgage Loans FAQ's
[edit]
Home   |   About Us   |   Contact Us   |   Patrons   |   FAQ's   |   Site Map
© 2008 - All Rights Reserved.
Thank you for visiting Real Estate Wiki - the leading dictionary, directory, encyclopedia and glossary for the real estate and mortgage industries .