This article was written by Aaron VanTrojen of Geneva Financial in Phoenix, Arizona.
The recent government bailout of Fannie Mae and Freddie Mac, and the $700 billion dollar proposal to bail out the financial markets is being sold to the public as a means of helping the homeowner. The question is, has it or will it [...]
This week the government announces their bailout of Wall Street with the proposal to buy up as much as $700 billion of illiquid mortgage assets. This proposal is the most sweeping intervention in the financial markets since the Great Depression and is aimed at stemming the credit crisis on Wall Street.
The proposal states for the [...]
The U.S. Government announced Sunday it was taking control of Fannie Mae and Freddie Mac.
Fannie Mae and Freddie Mac suffered almost $14 billion in loan losses last year. Yet the two companies are so important to the mortgage market as the U.S. credit crunch has gotten worse. Many lenders are unwilling to make [...]
