6 Things to Know About the Fed Rate Cut

The Federal Reserve on Tuesday cut its federal funds target rate by more than three-quarters of a percentage point to a range of between 0 and .25 percent. The decision signals that Fed Chief Ben Bernanke is more concerned with the rapidly deteriorating economy–which has been mired in a recession since December of last year–that [...]

Mortgage Rates Drop On Stimulus News

NPR.org, November 25, 2008 · Treasury Secretary Henry Paulson said Tuesday that new programs totaling $800 billion are designed to help stabilize the nation’s financial system and support vital consumer spending.
 
Paulson said key markets for consumer debt, such as credit cards, auto loans and student loans, essentially came to a halt in October and that [...]

Fannie Mae Halves One Of its Mandatory Loan Fees

Fannie Mae Halves One Of Its Mandatory Loan Fees
Posted: 03 Oct 2008 11:08 AM CDT
In an effort to provide “the most market support possible”, Fannie Mae is cutting one of its mandatory loan fees by 0.250 percent, effective immediately. Fannie Mae introduced the Adverse Market Delivery Charge in December 2007 to offset foreclosure and delinquency [...]

James Lockhart: Plans for Fannie Mae and Freddie Mac

                                              Statement by James Lockhart, director of the Office Of Federal Housing Oversight(OFHEO, who will head the Federal Housing Finance Agency (FHFA) being created to oversee mortgage bankers Fannie Mae and Freddie Mac.
Fannie Mae (FNM, Fortune 500) and Freddie Mac (FRE, Fortune 500) share the critical mission of providing stability and liquidity to the housing market. [...]

Jim Cramer on the government take over of Fannie Mae and Freddie Mac

 
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