Mortgage Market Week in Review

Donna Pacchini, of Pan American Mortgage has generously shared her knowledge and insights with us once again.  Thank you Donna! First Fannie and Freddie: As EVERYONE knows by now, Fannie and Freddie were taken over by the Federal Government last Sunday.   What does that mean?   A couple of things that have become clear so far:  1) The fact that US government is now not only implicitly backing Fannie and Freddie’s debt but explicitly (putting your money where their mouth is) h…