If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

 

Mortgage interest rates are predicted to climb further following news from mortgage giants Fannie Mae and Freddie Mac of growing losses that may hurt their ability to buy loans.
 
Then to make matters worse U.S. Treasury Secretary Henry Paulson said in an interview broadcast Sunday on NBC’s “Meet the Press” that there are no plans to insert any federal funds into government-sponsored mortgage providers Freddie Mac and Fannie Mae.

This interview was taped Saturday in Beijing a day after Giant Fannie Mae reported a larger loss then was expected of $2.3 billion for the second quarter.

Kirt Eure

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • bodytext
  • Google
  • Sphinn
  • del.icio.us
  • De.lirio.us
  • Webnews.de
  • YahooMyWeb
  • IndianPad
  • Mixx

Technorati Tags: , , , , , , , , , , , , , , , , , , , , , , ,

Related posts