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East Central News
US Government seizes control of mortgage giants
WASHINGTON -- The Bush administration seized control Sunday of troubled mortgage giants Fannie Mae and Freddie Mac, aiming to stabilize the housing market turmoil that is...
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0 | Add your commentU.S. takes over Fannie, Freddie
WASHINGTON (Reuters) - The U.S. government on Sunday seized control of mortgage finance companies Fannie Mae and Freddie Mac in an aggressive move to help the distressed U.S...
Officials announce takeover of mortgage giants
WASHINGTON -- The Bush administration, acting to avert the potential for major financial turmoil, announced Sunday that the federal government was taking control of mortgage...
Fannie, Freddie blind to the bubble
WASHINGTON -- Mortgage giants Fannie Mae and Freddie Mac _ despite their robust cadre of economists and mortgage experts _ failed to heed warnings that the most dramatic housing...
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