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 [...]

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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