FREDDIE AND FANNIE ARE GOING ON A SPENDING SPREE!

The US Government has just given the two quasi government housing corporations a huge increase in their "lines of credit". They are now free to buy hundreds of millions of dollars of mortgage loans. This is their business purpose, each already owns billions of dollars of loans and their business is sound. Each corporation has been maxed out but now they are not.

BACK IN BUSINESS

Suddenly many a mortgage loan office is "back in business". There is once again a secondary market for home loans. Credit Unions are not the only game in town any more. Perhaps more importantly, holders of deeply discounted mortgages will enjoy seeing market values rise and the disappearance of margin calls.

MARKETS WILL CLEAR QUICKLY, THE BEST BARGAINS WILL NOT LAST LONG!