So much for housing market recovery: Fannie Mae & Freddie Mac will probably be downgr

Credit and mortgage advice Forums Buying Your Home Buying a Home in Bay Area So much for housing market recovery: Fannie Mae & Freddie Mac will probably be downgr

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    • #228736
      Anonymous
      Inactive

      Please don’t blame S&P for having the balls and spines to downgrade USA’s rating by a notch to AA+ from AAA but there may be darker side to the housing market: Fannie Mae and Freddie Mac will be probably downgraded too…*

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      From NYT:

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      In addition, S.& P. may now move to downgrade other entities backed by the government, including Fannie Mae and Freddie Mac, the government-controlled mortgage companies, raising rates on home mortgage loans for borrowers.



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