By Kyle Chezum Updated on 10/21/2010
In order to stay afloat through the year 2013 and turn out positive results, Fannie Mae and Freddie Mac, the two government-controlled home loan institutions, may require up to $215 billion in support from the Treasury. The housing programs may need as much as $363 billion together before 2013. They have already received significant funding through purchases of preferred stock by the Treasury this year, and additional purchases are expected to follow.
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About The Author:
Kyle Chezum
My name is Kyle Chezum. I'm a Marketing Associate here at Lender411com. If you have any questions, feel free to contact me. Thanks!.
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