2008 September 08 | UK Mortgages rates and deals

September 8, 2008

Markets rally after Fannie and Freddie bail-out

Filed under: Bridging Finance, UK Mortgage Brokers — Cindy Smith @ 11:11 pm

Stocks rallied and mortgage bonds surged on Monday as investors welcomed the US government’s historic decision to take over home loan giants Fannie Mae and Freddie Mac

Comments (0)

Concerns prompting bailout of loan titans

Filed under: Mortgages — Denis Green @ 7:11 pm

WASHINGTON – The Bush administration yesterday prepared to take over the troubled housing finance companies Fannie Mae and Freddie Mac, after concluding the companies don’t have enough capital to continue to play their crucial role funding home mortgages.

Comments (0)