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September 11, 2008
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Real Estate Financing

Local banks will survive government buyout

It sounds like the Fannie Mae/Freddie Mac shakeup won’t be too big an issue for local banks in Missouri and Illinois after all. So this article in the Post Distpatch claims anyway.

By | September 11, 2008

About Matt Kastner

Matt Kastner is an Investment Real Estate Consultant at St. Louis Real Estate Society in St. Louis, Missouri. He is also develops properties on the side through Threshold Properties. When he isn't representing investors in the purchase or sale of multifamily properties, rehabs, foreclosures and other income producing properties, he is often taking on rehab projects himself. He lives in South St. Louis and has been in the real estate business since 2004.
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One Response to Local banks will survive government buyout

  1. Missouri Realtor September 12, 2008 at 12:08 pm #

    I sure hope that this article is right. When I heard about the buyout I feared for a lot of the local, smaller banks in my hometown in Illinois. Hopefully things aren’t as bad as I initially thought.

    Reply

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