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What is the Government Going to do with Freddie Mac and Fannie Mae

It looks like a federal bailout of mortgage backers Freddie Mac and Fannie Mae may happen as early as today. “It could cost taxpayers billions.” It is reported that a million more houses will enter foreclosure in 2008 …

Monday Morning Real Estate Muse

1) Freddie Mac reported losses of $1.9B and Fannie Mae lost $2.4B. Fed Chairman, Paulson, says they will not be injecting public funds into either enterprise. 2) 2356 NW Hoyt is one of about 39 surviving homes in …

$300 Billion and the Housing Market

The combined net worth of the six richest individuals in the world is $310B (forbes.com). On Friday, the senate passes a bill that would put $300B towards rescuing Fannie Mae and Freddie Mac and supporting mortgagees who in …