Industry News

Poll: Feds likely to aid Fannie, Freddie

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WSJ: Economists expect Fannie, Freddie to require bailout Economists polled by the Wall Street Journal see a 59 percent chance that the government will be required to extend credit to Fannie Mae and Freddie Mac or purchase stock in the companies to keep them afloat. The majority of those polled Aug. 8-11 said that while they hope the government doesn't have to bail the mortgage financers out, Fannie's and Freddie's big losses and continued problems in credit markets make the chances better than even. An online poll of Inman News readers finds them even more pessimistic, with 69 percent saying a government bailout of Fannie and Freddie is a certainty. More than two-thirds of economists polled by the Wall Street Journal said Fannie and Freddie should be pushed to raise more capital from the private sector. Home mortgage rates barely budge Mortgage rates posted little movement this week, still hovering below their year-ago levels, Freddie Mac reported in its weekly surve...