The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: Smiling Bob	2/27/2008 11:05:16 AM
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Another problem fixed. Losses, shmosses. We got dollars! Who needs dollars? --- Fannie, Freddie shares jump as regulator to lift investment caps Wednesday February 27, 11:00 am ET NEW YORK (Reuters) - Shares of Fannie Mae (NYSE:FNM - News) and Freddie Mac (NYSE:FRE - News) jumped on Wednesday, after the federal regulator for the mortgage finance companies said it will lift an investment cap, in a move that will free up billions of dollars to invest in the U.S. housing market. Fannie shares rose 10.3 percent to $29.75, while Freddie shares gained 11 percent to $28. (Reporting by Kristina Cooke; Editing by Theodore d'Afflisio)

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