Fannie Mae Says Housing to Bottom Out at End of 2008

Fannie Mae Chief Executive Daniel Mudd said in an interview today in Washington that the housing slump will continue longer than earlier anticipated, estimating a downward trend beyond 2008. Mudd said that home prices would fall 2 to 4 percent this year, and “more next year.” Fannie Mae expects increased credit losses as a result,… Continue reading Fannie Mae Says Housing to Bottom Out at End of 2008