U.S. moves to soothe nervousness on Wall Street over mortgage woes
International Herald Tribune - Published: July 11, 2008 By Stephen Labaton and Charles Duhigg WASHINGTON: The U.S. government sought Friday to allay fears on Wall Street as the values of the two government-sponsored mortgage finance companies at the heart of the U.S. housing market continued their downward spirals. But concern mounted that Washington might be forced to take over the companies, Fannie Mae and Freddie Mac, to avoid a broader financial crisis that could undermine the U.S. econo
Original post by Florida Real Estate Blog by Sharon Simms