GMAC MORTGAGE REACHES MORTGAGE REPURCHASE SETTLEMENT WITH FANNIE 27-Dec-10 05:56 pm Ally - funny, but aren't they an 'ally' of the US govt.? Could this be (yet another) back-door bailout.
Sure, 1/2 B is nothing to sneeze at. Might mean that: 1) US govt. willing to deal, 2) For cheap
So that the banking industry will heal... and who cares about FnF?!
LOL. The settlement is for more than Fannie's market cap!
LOL - that means it should go up 50% or more tomorrow, right?! Aus finance Yahoo.....forum FNMA.OB |