fannie mae and freddie mac

The federal government's plan to streamline modifications of troubled loans held by Fannie Mae and Freddie Mac won't help the majority of people threatened with foreclosure, experts said.

Falling house prices are still a problem. Could Fannie Mae and Freddie Mac be part of the solution?

McCain should have known better than to tell somebody that they didn’t know a fact about the economic crisis.

Because something like this may happen…

How did I feel about Sen.

McCain stating “You probably never heard of Fannie Mae or Freddie Mac before this.”

The credit crisis has moved from big institutions like Fannie Mae and Freddie Mac to smaller institutions like hospitals, colleges and non-profits.

Rising interest rates are limiting their ability to expand, and they warn rising debt payments will cut into staff and services.

Curt Nickisch of member station WBUR in Boston reports.

It has been a tumultuous few weeks in the financial markets. With the failure of major financial institutions, the government rescue of Freddie and Fannie, the volatile value of oil and the dollar, and the on-again off-again financial rescue package, the dynamics of U.S. markets are rapidly changing.

Like all major products and markets, the downtown Austin condo market will be directly effected by this economic turmoil.

Here are some of the ways that downtown condo projects may be effected:

I keep hearing that the financial crisis is some grand rebuke of free market principles.

I also keep hearing that the bailout plan will ruin the free market.

What I’m not hearing is what I believe is the most accurate description of the situation: we never had a true free market to begin with.

How long before the finger pointing begins in earnest in Washington? With the Dow recording a 780 point drop, the biggest point drop in Wall Street history, there are going to be a lot of questions as to why Congress can’t pass a bailout bill.

And not only that, Rick Davis did it for 5 years and his firm made approximately $1.8M in that time.

From NY Times:

Senator John McCain’s campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants Fannie Mae and Freddie Mac to defend them against stricter regulations, current and former officials say.

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