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Billionaire hedge funder Larry Robbins makes South Florida moveBillionaire hedge funder Larry Robbins makes South Florida move“I wouldn’t use it, I would just lock the door”: Landlords pan new rehab law“I wouldn’t use it, I would just lock the door”: Landlords pan new rehab lawHow Hochul played the “good cause eviction” game, and wonHow Hochul played the “good cause eviction” game, and wonTides Equities faces three foreclosures in Fort WorthTides Equities faces three foreclosures in Fort Worth
South Florida

Rush to help Fannie, Freddie

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The Bush administration, led by Treasury Secretary Henry Paulson, quickly arranged a plan to help Fannie Mae and Freddie Mac on Sunday night, after being told further erosion of the government-backed mortgage giants would have global consequences. Fannie and Freddie’s debts are held by thousands of foreign and domestic banks, pension funds, mutual funds and other investors. The two companies have a combined debt of $1.5 trillion and own or guarantee $5 trillion in mortgages. They have contracts with other institutions worth $2 trillion.