Stocks of Housing Giants Suffer Huge Losses
Fannie Mae and Freddie Mac … Fannie's stock is down 87 percent so far this year, while Freddie has lost 90 percent of its value! As of yesterday, the stock value of these two housing mortgage giants hit the lowest levels in nearly two decades.
Fannie Mae and Freddie Mac are the largest source of funding for home mortgages in the U.S.. The housing bust has caused unprecedented mortgage defaults resulting in a combined $3.1 billion between April and June, and investors fear the losses will continue to grow. A few our prior popular posts on Fannie & Freddie were: Real Estate – Jim Rogers says Fannie and Freddie are a ‘disaster’ – Spring Housing Market Rebound or Good Times Just Around The Corner..Yeah Right – Summary of the “Housing and Economic Recovery Act of 2008 San Diego Little Italy condos
Comments are closed.
The perfect storm of a complete financial collapse is a couple months away. Be ready for a wild ride! San Diego Real Estate Sales
Compare the value of Real Estate in Palo Alto to the DotCom stocks … Real Estate will start ticking back up in the next year or 2 … Anyone think Priceline.com will ever be worth a tenth of it’s former high? San Diego Real Estate Investment Property
At the start of this debacle I thought the bankers had found a cheap and dirty way to get into the real estate business. That is: take the extra cash from the unwashed, leave them with debt and rent them the house they thought they were buying. As it turns out, either the American financial guru’s were asleep in Econ101, or the science of Economics is crap. Hoodia Gordonii Diets
As to Fannie & Freddy …the only sane course now is to make the de facto nationalization official. In which case there is no reason to have two entities. Freddie was created in the first place to provide some semblance of competition for Fannie. San Diego Downtown Condos for Sale
Move Fannie back into HUD. Fannie Mae was separated from HUD in 1968. Time to reverse this. Moving Fannie into HUD extends the full faith and credit guarantee umbrella. San Diego Implant Dentist
Housing is already one of the most subsidized commodities in this country, is it a wonder why housing gets overbuilt? San Francisco Family Attorney
We are in a deflationary death spiral which will not end until the mountain of debt that has fueled years of phony profits is unwound. It will be very unpleasant and there is nothing that perma-bulls can say to stop it. San Diego and Las Vegas have much in common!
Las Vegas Attorney
What you say makes so much sense. However, most can not understand because they have no sense. San Diego Plastic Surgery Doctor