The news media have been analyzing in great detail the recent takeover of Fannie Mae and Freddie Mac by the federal government, evaluating its immediate effects on the mortgage industry and predicting how it will affect the nation’s housing industry. Here, a selection of articles from around the web:
Despite the government rescue of Fannie and Freddie, builders continue to take hits, according to an article ( Turnaround for Housing Stocks: Not Just Yet) from the US News & World Report, and the outlook for the next several months is shaky.
A CNNMoney.com article ( Restructuring Firm Sees More Pain for Home Builders) predicts that small- and mid-sized homebuilders are most at risk from current market conditions, and that publicly-traded builders still will have an uphill slog to reach a true recovery.
Don’t celebrate just yet, says SmartMoney magazine’s “Common Sense” columnist ( Bailout Is No Quick Fix For Housing-Market Woes); the Fannie/Freddie bailout will not deliver a quick fix for the housing industry. (via the Wall Street Journal).
Forbes.com offers a less-gloomy (but still not altogether sunny) forecast of the Fannie/Freddie bailout’s effect on the mortgage industry recovery ( Mortgage Relief for Housing Market); although it notes that the market correction is being prolonged by government actions.
