Update: Government may soon back issues of mortgage giants ZIBEL London, the Associated Press September 6, 2008 is. - Government takes over Fannie Mae and Freddie Mac Once that is intended to protect from both companies, which together hold or guarantee half of the failure of mortgage deb national mortgage market a lot of traffic on the weekend ... details of the intervention it can cost taxpayers billions of some people not announced ... news, first reportedside of the Wall Street Journal, in conjunction with the stock market closed. In after-hours trading Fannie Mae's shares fell $ 1.54, or 22 percent, to USD 5.50. Freddie Mac shares fell U.S. $ 1.06, or nearly 21 percent, to 4.04 dollars. Company's common values fall time, small government action. News used by the Mortgage Bankers Association report on Friday, more than 4 million Americans with mortgages, a record 9 percent owner, or behind their backsPayment or redemption at the end of June. This confirms that investors believe that Fannie and Freddie in recent financial results: trouble in the mortgage market has shifted to a solid home loan, but who show little or no proof of their income and assets of exotic loans. Fannie Mae and Freddie Mac lost a combined 3100000000 from April to June. Half credit losses came from this type of risky loans with monthly payments balloon. Critics argue that the open natureAt ...
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