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Home Price Drops Imperil US Mortgage Agencies
http://www.scoopit.co.nz/ story.php?title=Home-Price-Drops-Imperil-US-Mortgage-Ag...
As home prices continue their free fall and banks shy away from lending, Washington officials have increasingly relied on two giant mortgage companies - Fannie Mae and Freddie Mac - to keep the housing market afloat. But with mortgage defaults and foreclosures rising, Bush administration officials, regulators and lawmakers are nervously asking whether these two companies, would-be saviors of the housing market, will soon need saving themselves. ยป original news
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