They went and did it.
The government has seized Fannie Mae and Freddie Mac. The brass are out on their...
The U.S. Treasury is now on the line, buying stock in the formerly private companies, gearing up to buy mortgage-backed securities, and, significantly, taking on risk.
That's your U.S. Treasury, by the way, the…
They went and did it.
The government has seized Fannie Mae and Freddie Mac. The brass are out on their...
The U.S. Treasury is now on the line, buying stock in the formerly private companies, gearing up to buy mortgage-backed securities, and, significantly, taking on risk.
That's your U.S. Treasury, by the way, the one that prints money.
There are all kinds of words to toss around in this discussion – bailout, nationalization, Hail Mary, and so forth. Each word will tend to offend various religions and ideologies.
On one point there's little to argue about, though. This move is a landmark in the current, national housing collapse. To see the Wall Street folks and privatizers in power in Washington orchestrating this move is to recognize how urgent it must have been.
So, with all the potential assurance that government involvement could provide to the mortgage market and the financial markets, the question becomes: Is this the beginning of the end of the housing collapse, or the end of the beginning?
Give us your quick read. Vote in the new poll.
Just let us know if this move, however grand or grave you may consider it, gives you the sense that our local RE market will stabilize, improve or suffer in the next 2-3 years. We'll run the poll just less than 48 hours so that news doesn't intrude too much; closing at 8pm Tuesday.
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of March 18th, 2024 at 6:55pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.