U.S. Attempts to Comfort Fannie and Freddie Debt Holders
Tuesday, April 13
Representative Barney Franks (D., Mass) recently made several comments concerning the U.S. Treasury's commitment to fully back mortgage securities that are being held within Freddie Mac and Fannie Mae.Mr. Franks stated that debt holders should not expect to be treated the same as investors in U.S...
New Home Sales Continue to Plummet
Wednesday, April 07
Areas of growth and signs of prosperity have begun to arise in the housing market, except for new home builders. The amount of sales for new homes has reached record lows. The number of new home sales has reached those in 1963. Sales for the first quarter have continued to fall, and there seems t...