Or: how I learned to stop worrying and the love the GSEs.
- Fortune: The $5 trillion mess.
- Fortune: The Fannie and Freddie doomsday scenario.
- New York Times: U.S. weighs takeover plan of two mortgage giants.
- Wall Street Journal: The price of Fannie Mae.
- Bloomberg: Fannie, Freddie ‘insolvent’ after losses, Poole says.
If real estate investors thought times were tough, imagine how much worse it could be if either Fannie or Freddie went under. Fannie and Freddie, in purchasing mortgages on the secondary market, are responsible for half of all mortgage loans in the country.
While a government bailout is much more likely than either company imploding, the thought is nonetheless sobering.
We’d love to be your real estate closing attorneys in Atlanta. Want to know more? Contact us and we’ll be happy to discuss how Harlan and Associates can be of service to you!
Egg and BB I, originally uploaded by Emery_Way.
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