Tuesday, March 31, 2009

Fannie & Freddie to steal banks crutches?

With mortgage rates at historic lows, housing prices plummeting and Washington throwing billions at housing-market recovery efforts, why is it still so damn hard to get a loan?And while the easy answer is that banks are flat-out broke, the real answer may lie in an esoteric corner of mortgage finance that's all but disappeared: warehouse lending

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