Costs of Fannie and Freddie to Climb

According to  CNN Money, the tab to bail out Fannie and Freddie will continue to grow, says the Federal Housing Finance Agency (FHFA), which oversees the duo. It says the estimated costs through 2013 could increase by as much as $210 billion, that on top of the blank check that Congress handed over to bail out the two giants in 2008, which amounted to $153 billion. Underwriting standards have increased since then, but as long as the housing market does not improve, the losses will continue to climb.

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