San Diego short sale

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Friday, May 9, 2008

Doubts Raised on Big Backers of Mortgages - New York Times

Doubts Raised on Big Backers of Mortgages - New York Times: "As home prices continue their free fall and banks shy away from lending, Washington officials have increasingly relied on two giant mortgage companies — Fannie Mae and Freddie Mac — to keep the housing market afloat."

What will happen to san diego real estate if these guys stop throwing away money.
Who will lend money for the short sale transactions?