11
Nov
U.S. Housing Market
U.S. Housing Market – Real Estate Mortgage Black Hole
U.S. Housing Market
Recently the headlines were stating that Fannie Mae is asking for an additional $7.8 billion dollars just to cover its losses in the July through September quarter of this year!
For my consistent readers you may recall that on September 5, 2008, I published a post titled: Govt. Take Over Of Fannie Mae and Freddie Mac Could Cost Billions. Also, again on April 4, 2010 I published another post entitled Fannie Mae and Freddie Mac – walking dead. So today’s announcement is no surprise and should be looked on as just one of many future calls for billions in bailout. Read more 