By Kyle Chezum Updated on 10/21/2010
In order to stay afloat through the year 2013 and turn out positive results, Fannie Mae and Freddie Mac, the two government-controlled home loan institutions, may require up to $215 billion in support from the Treasury. The housing programs may need as much as $363 billion together before 2013. They have already received significant funding through purchases of preferred stock by the Treasury this year, and additional purchases are expected to follow.
For full story, click here.
About The Author:
Kyle Chezum
My name is Kyle Chezum. I'm a Marketing Associate here at Lender411com. If you have any questions, feel free to contact me. Thanks!.
President Obama Initiates Lower FHA Mortgage Insurance Premiums
View More
The 5 New Mortgage and Housing Trends for Summer 2013
View More
Fannie Mae profitability skyrockets
View More
Foreclosure protections for more soldiers after lawmakers draft bill
View More
FHFA: HARP success follows low mortgage rates, February refinance volume strong
View More
Use of Mortgage Interest Deduction Depends on Where You Live
View More
HUD will sell 40,000 distressed loans in 2013
View More
Mortgage Principal Reduction Could Save Taxpayers $2.8 Billion
View More
Mortgage Applications Regain Traction after Sluggishness, Rates Continue to Fall
View More
HARP 3.0 Discussions Reveal Little Hope for HARP Update
View More
Home Prices Rise in February According to LPS Data
View More
Balancing Act: House Committee Hears Opposing Viewpoints Over Mortgage Interest Rate Deduction
View More
Near Record Low Mortgage Rates Buoy Housing Recovery
View More

Related Articles

Featured Lenders
RBS Citizens
Clifton Park, NY