Last Week Taylor, Bean & Whitaker and Now Moody's Reports...
The two giant players in the US home loan finance market share a ‘bleak’ near-to immediate-term outlook as losses continue to mount, according to Moody’s Investors Service. Regulators may begin to wind down government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac within the next 18 months, Moody’s said Monday in a global banking analysis report. Source: National Mortgage News.
JMO:
If this is true (I will continue to research), then it signals a significant lack of confidence in the mortgage/real estate market on the part of the Gov't (current owner of Fannie/Freddie). Some of the key questions are. How will mortgages be issued/serviced/sold in the future. These are interesting times...
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