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s up slightly WksilINKITON —11w average rate for a 30-year fixed mortgage was 5.42 percent, up from 5.38 percent a week earlier, mortgage company Freddie Mac said Thursday. Rates on 30-year mort- gages fell to a record low of 4.78 percent earlier this year. But then they rose as high as 5.6 percent earl

oclassicism, is clearly controversial. Given the wild gyrations of the prices of shares, commodities, h

000,000 worth of debt on their homes. Also, very large housing subsidies have been provided through the underwriting policies of the GSE's primarily Freddie Mac and Fannie May. The effects of these gross distortions to the market have been disastrous, not just to the US but to the whole world, as the credit

and the FBI also assisted in the investigation. Additional reporting was provided by WXYZ (ABC-7) (11/08, Staff Writer), Detroit Free Press (11/08, Wildt), WJBK (FOX-2) (11/08, Vicar), WWI (CBS-62) (11/08, Booth-Singleton, Lentz), Detroit News (11/08, Staff Writer), and WDIV (NBC-4) (11/08, Heyman).

staurateur and Trump supporter Mark Zarkin—who previously pleaded no contest to a felony sex crime—as a consultant to mortgage giants Fannie Mae and Freddie Mac. Zarkin's appointment, which was not publicly announced, alarmed staff at both agencies given his lack of housing-sector experience and his prior c