search

The Real Deal Logo

Trending

Arbor modifies $1.9B in loans as delinquencies keep risingArbor modifies $1.9B in loans as delinquencies keep risingFriend or foe? Here’s what the new tax break means for office-to-resi conversionsFriend or foe? Here’s what the new tax break means for office-to-resi conversionsBrickell office slump? Nearly 3M sf planned, zero preleasedBrickell office slump? Nearly 3M sf planned, zero preleasedWhole new world: How NYC values 421a, 485x sites nowWhole new world: How NYC values 421a, 485x sites now
South Florida

Paulson’s rescue plan for Fannie, Freddie gets support

Sign Up for the undefined Newsletter

House Republican Leader John Boehner is confident that a federal rescue plan for Fannie Mae and Freddie Mac will be approved soon. After a testy meeting between Congressional Republicans and Treasury Secretary Henry Paulson, the secretary also voiced his confidence in the deal, which is part of a larger housing rescue package. Many Republican representatives oppose the plan to give the Treasury Department temporary authority to buy into the mortgage giants or give loans to them. Representative Scott Garrett of New Jersey and others say it amounts to giving the administration a blank check.