MoneyRates Blog
Congress Bill Will Help Homeowners
By MoneyRates team | Money-Rates Columnist
A lot of media attention has been directed to the new legislation aimed at supporting the mortgage heavyweights Freddie Mac and Fannie Mae. While the cost of the bill to the US taxpayer has been hotly debated, the other parts of the bill aimed at the individual homeowner have been largely ignored. The bill which [...]
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Dire Prediction from ex-Chief Economist from IMF
By MoneyRates team | Money-Rates Columnist
Professor Kenneth Rogoff who was the chief economist for the International Monetary Fund for 5 years has issued some stark warnings about the banking and credit crisis in the United States which have reverberated around Europe and Asis. Among Rogoff’s predictions:
* A major bank in the United State will fail
* The financial crisis in the [...]
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Ginnie Mae, Fannie Mae, Freddie Mac - Who’s the riskiest?
By MoneyRates team | Money-Rates Columnist
A lot of newspaper headlines have covered the topic of the sub-prime mortgage market which has led to more speculation regarding the GSE’s (Ginnie Mae, Freddie Mac, and Fannie Mae) and the risk investors who own these pooled-mortgage securities will feel. First the basics though:
Fannie Mae and Freddie Mac are quasi-private firms chartered by Congress [...]
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