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…
Read more...Fannie and Freddie Bailout Official
This week's important news about the Fannie Mae and Freddie Mac bailout requires some lender expertise and further explanation. Donna Pacchini, of Pan American Mortgage, has been kind enough to share some of her insights with OC Real Estate Voice readers. Well, it happened. In case you haven’t heard the news, Fannie and Freddie were bailed out by the Federal Government over the weekend. I’m not going to go over all of the details but just try to hit some “high points.” …
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Linsey Planeta
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