Cost of rescuing Fannie and Freddie is expected to hit $154 billion
Bailing out Fannie Mae and Freddie Mac could require an additional $124 billion, but the amount likely will be about $19 billion, making the total price tag $154 billion, according to the U.S. Federal Housing Finance Agency. The regulator of Fannie and Freddie said the amount might soar to $259 billion if the nation slips into a double-dip recession.
John Massey in Mortgage Default Industry from LinkedIn.com
John M.
Principal at AcQuity Investments
Greater Minneapolis-St. Paul Area
View profile Add to network Send message
No comments:
Post a Comment