If Fannie Mae and Freddie Mac collapsed, it would deal a blow to the mortgage market. But the federal government unveiled a broad program yesterday to bolster the troubled mortgage giants. Both companies said they were financially sound but grateful for the confidence-building efforts.
Above is a sample of a story on Fannie Mae and Freddie Mac from Florida Realtor newsletter. This article sample does not get into the whole picture of the negative view on this status of things I have heard from many writters. I understand the negative view that here we go again with another GOV bail out. I would have to just say to that: what better place for all of us as a country to invest there here in the United States? The values have dropped prices are down but if the GOV is picking up shares in these private companies for the money that is going to be laid out. We all know prices could go down more but we all also know they will go back up, it is not a matter of if but when. When the elected officials hear from all of us that we need help with these banks we as Realtors could help the situation but there need to be rules in place that a short sale should be short the bank should have to answer within a certain amount of days and not months.
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