Explaining What The Government's Takeover Of Fannie Mae and Freddie Mac Means To Mortgage Rates (In 265 Words)

Sunday, the government announced that it will takeover Fannie Mae and Freddie Mac and assume their respective operations. Mortgage-backed debt is now government debt. But for all the front page stories today, there's suprisingly little coverage about how the news impacts homeowners in need of a...

Read the full post at http://www.themortgagereports.com

Read More...

[Source: The Mortgage Reports Blog]