Fannie/Freddie News Conference Nov 11th

[Richard Warren]

News Conference at 2pm EST.

Government, mortgage industry to announce assistance effort for Fannie Mae, Freddie Mac loans in news conference.

http://biz.yahoo.com/ap/081111/meltdown_mortgages.html

:cool:

[Tom C]

Yup, it appears that they are going to try and keep people in homes that they should have never qualified for to begin with. Once they reneg their contract, I am sure those same people will go out and pull another 10K out of their house to buy a flat screen.

[Lee Common]

Tom,

I imagine thats what they are betting on to "stimulate the economy".

[Dave P.]

No worries, the plan is full of nothing.

It just makes Barney Frank feel like Robin Hood a little longer.

[Corry Taie]

They can stroke people all they want, but people are still going to lose their jobs & homes. It is unfortunate, but it does mean we will have ALOT of business for quite a while. I see retirement in my future!!!

[Lee Common]

I concur!