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Fannie and Freddie losses hit $226 billion

The government backed mortgage finance companies have burnt through $226bn in capital since the middle of 2007. The majority of those losses, or about $166bn, came from guaranteeing loans on single family homes, according to the first in what will be a series of quarterly reports from the Federal Housing Finance Agency, which regulates Fannie Mae (which is headquartered in Washington, DC ) and Freddie Mac (which is headquartered in Tysons Corner, VA).

Ballooning losses at Fannie and Freddie, which have taken $148bn in government aid to stay afloat have become a subject of intense debate in Washington. Most of the decision makers agree that the government needs to continue to provide some kind of guarantee to backstop home loans as well as stem the rising tide of foreclosures, but what form that should take is still up for debate.

Smart Markets to Continue Through October 29

Smart Markets Inc., founded in early 2008 by Jean Janssen, is the newest group of farmer’s markets to the Northern Virginia area. Janssen herself has been a resident of Northern Virginia for 25 years. These markets serve Centreville, Fairfax Corner, Gainesville, Herndon, Oakton and Reston and provide guaranteed producer-only farmers’ markets.

Some vendors at the Centreville Market include Angelic Beef, Bonjour La Parisienne, Jose’s Produce, Tommy V’s Fresh Salsa, and many more. For a full list of vendors visit http://smartmarkets.org/our-markets.html.

Come check out the Centreville Market any Friday between 3:30 and 6:30 p.m. at 5875 Trinity Center now through October 29th!

New Firehouse Subs Location in Fairfax

Firehouse Subs has been expanding aggressively in its 14th year of business. In particular, they have big expansion plans for the Washington D.C., Fairfax, Manassas and Kingstowne communities. The newest Firehouse Subs shop is located at 12120 Fairfax Towne Center.

What’s so special about Firehouse Subs? Each medium sub comes with 4 ounces of meat, that’s the same amount of meat as some competitor’s 12 inch subs. All of the subs contain hand-sliced and premium quality meat. Moreover, Firehouse Subs are served hot using a steamer that adds moisture, unlike a microwave.

The theme of the sub shop is derived from the 200 years of public service as firefighters the owner's family possesses. The décor and the sandwich names play off this fun firefighter theme.