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In a special measure around the holiday season, Freddie Mac and Fannie Mae are holding off on foreclosures for about 16,000 homes.
They said today that they will be halting foreclosure sales between November 26, 2008 and January 9, 2009. During which time, they will be …

Fannie May said it lost a record $29 billion in the 3rd quarter 2008. The company had to write down almost all of its deferred tax assets.
The loss is the fifth consecutive quarterly loss for the biggest mortgage lender in the U.S. The loss …

Well it’s happening…the government is taking over Fannie Mae and Freddie Mac as soon as tomorrow…well this morning. These two mortgage lenders either back or actually hold HALF of the country’s mortgage debt…and they’re obviously in trouble. According to the AP, a government bailout …