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Increases in mortgage rates typically suggest some recovery within the financial markets because as people begin to increase borrowing, mortgage rates tend to increase. However, any substantial...
Bill Gross did it again. This guy can make a fortune on any bet that he places. This one is a little troubling because it is the taxpayer who is getting screwed.
The government finally stepped in and seized Fannie Mae and Freddie Mac, putting it out of its housing bubble induced misery. Everyone stands to benefit except for the US taxpayer, who is now on...
Paulson is expected to announce his plan to put Freddie and Fannie into government-run conservatorship amidst clear signs that the situation at the two biggest mortgage lenders was even more dire...
This is another analyst-induced short covering rally. Neither of these things is really viable and this is just a detour on the road to worthless equity.
The Freddie and Fannie situation is leading to an inevitable resolution where the Federal government ends up printing over $40 billion to bail these damn things out. What a mess was created...
Alan Greenspan faults the U.S.'s approach in fixing Fannie Mae and Freddie Mac, saying the credit crisis offered an "ideal opportunity" to dismantle the mortgage giants. The former Fed chairman...