Friday, Aug 22, 2008
Another great headline, alliteration fans!
BusinessWeek: The Final Fate of Fannie and Freddie
Fannie and Freddie make up about half of the U.S. mortgage market, and with them on the ropes, there's little chance for a housing recovery. Without a housing recovery, the credit markets will continue to be jammed up. And things promise to get worse before they get better. Fannie and Freddie have about $250 billion in debt to refinance in September, and everyone will be watching to see if they're successful. As long as their futures are uncertain, much of the credit market will remain in the doldrums. "They're the pivot point of the whole credit market," says Samson Capital Advisors' Benjamin Thompson.
Posted by gardeniadotnet @ 07:41 AM (187 views) Add Comment
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