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Metropolitan Police Department officer DuWayne Layton’s patrol partner is pretty cool.
The buzzword in commercial real estate for the last two years has been “distressed,” which is often placed before the word “assets” and best describes the state of the industry that many analysts predicted would be the next shoe to fall in the Great Recession.
Nevada’s congressional Democrats, up for re-election next month, agree that Fannie Mae and Freddie Mac must improve to protect taxpayers from future bailouts, but Silver State Republicans argue taxpayers would be off the hook if the government-sponsored companies were replaced by private interests.
When Fannie Mae, one of two troubled government-backed mortgage-finance companies, guaranteed mortgage loans in Southern Nevada, homes were more expensive, and the average loan was worth 75 percent of the value of the home that secured it.