Making Sense of Mortgage Dollars

Summary


Are you prepared to own a $455 stake in the nation's two largest mortgage backers?

Whether you like it or not, that's the projected amount the Treasury Department is prepared to invest in government-chartered Fannie Mae and Freddie Mac per business and nonbusiness taxpayer if needed to keep this country's financial backbone from splitting in two - a total of $100 billion.

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Extract


Making Sense of Mortgage Dollars

Officials announced Sunday that both Fannie and Freddie are being placed in a government conservatorship.

Here's what it means to...

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