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Posted: 7:16 AM Jul 14, 2008
Mortgage Giants Crisis
Political Elite Onboard on Mortgage Dilemma
It's a signal from the government today, that it's ready to do what's necessary to help mortgage giants Fannie Mae and Freddie Mac.
Reporter: Associated Press
Email Address: tips@nbc11news.com
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Freddie Mac Corporate Office are seen Sunday, July 13, 2008 in McLean, Va. The U.S. Treasury and the Federal Reserve are announcing steps to shore up mortgage giants Fannie Mae and Freddie Mac. Fannie Mae and Freddie Mac either hold or back $5.3 trillion of mortgage debt. That's about half the outstanding mortgages in the United States. (AP Photo/Pablo Martinez Monsivais)
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