Preventing Fannie Mae Freddie Mac Collapse & Revitalizing Credit Crunch for Mortgage Market
Henry Paulson puts treasury behind Fannie Mae and Freddie Mac, in an effort to calm housing market with fluid lending from mortgage lenders.
Paulson said: He had the authority to buy unlimited stakes. Increase credit lines for business and mortgage loans that would help homeowners; He discusses borrowing directly from the Federal Reserve.
Tags: credit lines, Fannie Mae, Freddie Mac, Henry Paulson, mortgage lenders