“…The federal government is expected to take over mortgage lenders Fannie Mae and Freddie Mac as soon as this weekend. In a move designed to protect the struggling mortgage market together the two companies hold -- guarantee half of the nation's ten trillion dollars. In mortgage debt supporters hope to take oval stabilize US housing and financial markets. Congressional Budget Office estimates in government takeover could cost taxpayers. …”

“…foreclosure crisis has hit -- hard it has the highest numbers of foreclosures in any city in Massachusetts in the month of July. Today -- state congressman Jim McGovern and Barney franks spoke about a …”

“…and recent numbers show Worcester is struggling. The city's Dodd nearly seventy foreclosures in July. The highest number of any city in the state. …”

“…also reported improvement now the bad news not surprisingly manufacturing and commercial real estate went down. But in terms of sales and new job creation. Just to note this report from the federal reserve bank of …”