2 loan giants’ takeover called no speedy fix

Market still faces foreclosures, declining prices for real estate

By Arkansas Democrat-Gazette Staff and Wire Reports

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The government takeover of Fannie Mae and Freddie Mac over the weekend is already easing mortgage rates for some home buyers, said economists, builders and housing experts on Monday. But it won’t be a quick cure for the housing market’s biggest ailments: falling real estate prices and rising foreclosures.

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This article was published Tuesday, September 9, 2008.

Front Section, Pages 1, 4 on 09/09/2008

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