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The United States government last night announced the biggest financial bailout in the country's history, as it took the troubled American mortgage giants Freddie Mac and Fannie Mae into temporary public ownership to save...
US financial officials have outlined plans for the government to take over the failing mortgage giants Freddie Mac and Fannie Mae. The two companies account for nearly half of the outstanding mortgages in the US, and have...
for up to eight years. As their mortgages will be bigger than the value of their homes, they will be trapped in properties they cannot afford to sell. A separate report found one in ten homeowners could be in negative...
