What the Fannie Mae/Freddie Mac Takeover Means

The federal government’s takeover of Fannie Mae and Freddie Mac means at least two things to the little guy. First, of course, YOU are the federal government, so it is your tax dollars at work here.

For home owners behind on their payments, it could mean they will get a better shot at refinancing their loans rather than losing them in foreclosure. And, The New York Times says, almost certainly mortgage rates will stabilize, which may attract some new home buyers. Read the Times piece to see what else the takeover means to the little guy.