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July 11th, 2008

Update: Bernanke Assures F&F can Borrow from Fed

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To reassure speculators about Fannie and Freddie’s ability to raise capital, Fed Chief Ben Bernanke announced this afternoon that the mortgage buyers can now borrow directly from the central bank; this is the same allowance granted to investment banks months earlier. Bernanke’s statement served to turn around the falling shares of Fannie and Freddie, at least for the moment.

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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