Amazingly, Fannie Mae lost another couple billion in the second quarter (2.3 to be exact) and reiterated news about its dividend getting slashed from $0.35 to $0.05.
I guess it’s true what they say — “a billion here, a billion there, pretty soon you’re talking real money.”
We are still being told that these GSEs will be able to withstand the credit conditions, but clearly things are not getting better yet. And the implications for housing are 100% negative.
So stay tuned!
Related posts:
- Good Thing the Stock Market Isn’t Run by Real… I came across an article on Yahoo Finance this morning, talking about how buyers should approach the current real estate...
- Another bump on the road to a housing “recovery” … Just wanted to post a quick note following up on some of the housing comments I’ve made both here and in...
- Sure enough, higher mortgage rates are hurting loan applications … A few days ago, I noted that 30-year mortgage rates had risen sharply. Today, we got the first hard-nosed proof...
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You failed to mention, in your coment on the candidates tax plans,one candidate wants to cut spending, the other wants all kinds of new programs.Could you be promoting a your guy?