US government decided to takeover Fannie Mae and Freddie Mac in order to stabilize lending in mortgage market.
What is Fannie Mae ?
Fannie Mae is the leading market maker in US Secondary mortgage market.
What is Freddie Mac ?
Freddie Mac buys mortgages on the secondary market and sell them as mortgage backed securities to investors.
Fannie Mae and Freddie Mac both have important roles in mortgage market, so it is crucial for US Government to save them from bankruptcy. Hopefully this US Government effort would end the housing crisis caused by subprime mortgage crisis.
More info about mortgages is in Bad Mortgage.
Tuesday, September 9, 2008
Fannie Mae and Freddie Mac Takeover Plan
Diposting oleh Invest Tool di 9:00 AM
Label: Fannie Mae, Freddie Mac
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