Fannie Mae, Freddie Mac No Longer Worthy Of The NYSE

Fannie Mae, Freddie Mac No Longer Worthy Of The NYSE

Federal Housing Finance Agency, which regulates Freddie Mac and Fannie Mae, announced today that the government-sponsored mortgage purchasers would delist themselves from the NYSE. [More]

Bush Signs Massive Mortgage Relief Bill

Bush Signs Massive Mortgage Relief Bill

President Bush signed a massive mortgage relief bill that will help hundreds of thousands of homeowners refinance their unaffordable mortgages into fixed rate government backed loans rather than lose their homes to foreclosure. The bill also put tighter reigns on Freddie and Fannie, says the Associated Press.