Recession, Mortgage Crisis | featured news

Fannie Mae, Freddie Mac bailouts could hit $363 billion, report says

Fannie Mae, Freddie Mac bailouts could hit $363 billion, report says

That figure, projected through 2013, represents a worst-case scenario that assumes a double-dip recession, the Federal Housing Finance Agency says. The finance giants have so far received about $148 billion in taxpayer funds.

 

Half Of All U.S. Mortgages 'Underwater' By 2011: Deutsche Bank

Half Of All U.S. Mortgages 'Underwater' By 2011: Deutsche Bank

Almost half of U.S. homeowners with a mortgage are likely to owe more than their properties are worth before the housing recession ends, Deutsche Bank AG said.

 

Subscribe to this RSS topic: Syndicate content