Our Business News

Business articles & tips that will guide you.

Facebook
RSS

The government is changing the terms of its bailout agreement with Fannie Mae and Freddie Mac in a way that will shrink the holdings of the two mortgage giants more quickly and will require payment to the government of all quarterly profits the companies earn.

The Treasury Department announced the changes in an effort to deal with concerns that the companies could at some point exhaust the federal support they were guaranteed when they were taken over by the government in September 2008 during the financial crisis.

Under the change, the two firms will have to turn over all profits they earn every quarter. They will also have to accelerate the reduction of their mortgage holdings to hit a cap of $ 250 million by 2018, four years earlier than planned.

Comments are closed.

Estate Planning: 5 P

Estate planning is at the back of the mind for ...

3 Primary Difference

The two most popular ways to set up a new ...

Outsourcing Packing

There is no need for you to think about where ...

Important Principles

Property surveyors play an important role when it comes to ...

Three make up tips f

Dark skin girls have a fabulous texture that makes their ...

web
statistics