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Author: bibi

Freddie debt sale eases concerns of nationalization (Reuters)

Monday, August 25th, 2008 @ 1:17 pm

A sign hangs outside a home for sale in July 2008 in Las Vegas, Nevada. US sales of existing homes rose in July to a five-month high as buyers took advantage of falling prices in the housing crisis, industry data showed Monday.(AFP/Getty Images/File/Ethan Miller)Reuters - Ailing mortgage finance company
Freddie Mac easily sold $2 billion of short-term debt on
Monday, reassuring investors that it and rival Fannie Mae can
fund operations without a government takeover.

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