Dana Graham

Archive for September, 2008

Fannie and Freddie

September 9, 2008 By the time you read this, the crisis with Fannie and Freddie will be at least a few weeks old but, since we taxpayers are now the guarantors of last resort for a whole bunch of questionable loans, it is important to understand the situation. Fannie Mae and Freddie Mac are two quasi-governmental agencies that buy real estate loans that meet certain criteria, on what is known as the "secondary market".  Your lender makes you a loan to buy a house...Continue Reading!