Looking into the Future
The Ripple Effect of the Real Estate Credit Crunch The world economy is still feeling the effect of the credit crunch. For over a year now, crisis is wreaking havoc especially in the US economy. Although it is showing some signs of improvement over the past few months, the economy of the US is yet to fully recover from the slump. Even Fannie Mae, the largest mortgage finance company in the US, is doing its best to keep things under control. The company has reported a quarterly loss of over $2
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