July 12, 2024

San Diego California real estate market - www.brokerforyou.comFannie Mae and Freddie Mac … Fannie's stock is down 87 percent so far this year, while Freddie has lost 90 percent of its value! As of yesterday, the stock value of these two housing mortgage giants hit the lowest levels in nearly two decades.

Fannie Mae and Freddie Mac are the largest source of funding for home mortgages in the U.S.. The housing bust has caused unprecedented mortgage defaults resulting in a combined $3.1 billion between April and June, and investors fear the losses will continue to grow.  A few our prior popular posts on Fannie & Freddie were: Real Estate – Jim Rogers says Fannie and Freddie are a ‘disaster’Spring Housing Market Rebound or Good Times Just Around The Corner..Yeah RightSummary of the “Housing and Economic Recovery Act of 2008     San Diego Little Italy condos

8 thoughts on “Stocks of Housing Giants Suffer Huge Losses

  1. At the start of this debacle I thought the bankers had found a cheap and dirty way to get into the real estate business. That is: take the extra cash from the unwashed, leave them with debt and rent them the house they thought they were buying. As it turns out, either the American financial guru’s were asleep in Econ101, or the science of Economics is crap. Hoodia Gordonii Diets

  2. We are in a deflationary death spiral which will not end until the mountain of debt that has fueled years of phony profits is unwound. It will be very unpleasant and there is nothing that perma-bulls can say to stop it. San Diego and Las Vegas have much in common!
    Las Vegas Attorney

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