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5. GM has officially filed for bankruptcy, which will result in the American government owning 60% of the company that emerges at the other end.

4. In a bit of economic wizardry understandable to a select few, increasing mortgage bond yields are signaling a likely increase in mortgage loan rates.

3. Freddie Mac is trying to restructure some of its massive short term debt.  To do this, it will need another capital injection from the government.

2. Treasury Secretary Geithner has some interesting ideas to spur the world’s economy.

1. Large financial institutions are preparing to battle likely rules changes.

This entry was posted on Monday, June 1st, 2009 at 9:02 am and is filed under Mortgages. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.