You have 0 free articles left this month.
Advertisement
Powered by MOMENTUM MEDIA
lawyers weekly logo
Lender

US taxpayers to prop up mortgage lenders

3 minute read
The Adviser

Ailing US lending giants Fannie Mae and Freddie Mac are to receive further government support, the treasury announced on Christmas Eve.

According to a report in the Wall Street Journal, the US$200 billion the government has already pledged to each institution will be increased over the next three years to keep them solvent.

Every US household has already effectively been stung $3,800 to keep both firms afloat.

default
You need to be a member to post comments. Become a member today