Tag Archives: mortgage meltdown

What Happens Now With Fannie and Freddie?

The following post is from Stephanie Hanna, a lender we work with. It provides an inside the lending industry view on the latest government actions to save Fannie and Freddie. It’s official. On Sunday, Treasury Secretary Paulson placed Fannie Mae … Continue reading

Posted in Lending | Tagged , , , | 3 Comments

GMAC Mortgage Death Watch

Bloomberg announced today that GMAC Mortgage is closing 200 offices and dismissing 5000 employees. This just keeps getting worse and worse. Where are they going to get $10 billion to avoid failing in the next two quarters? Oh yeah, that’s … Continue reading

Posted in General, Lending | Tagged , , | 5 Comments