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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.

Vienna Town Green Offers Free Wi-Fi

The Town of Vienna is testing out a wi-fi pilot project to attract more customers to the downtown business area. The goals of providing free wireless Internet at the Vienna Town Green, at Maple and Mill Streets, also include encouraging Vienna residents to use the public park.

Users who want to take advantage of the free wireless Internet access can log-in using Vienna Gov’t Sponsored Free Wifi for the Service Set Identifier. Questions can be addressed to the I.T Administrator, Craig Griffin, at cgriffin@viennava.gov or 703-255-6364.

Yogen Früz Does Frozen Yogurt With a Twist

This year’s summer treats can be diet-friendly and flavorful. Yogen Früz, a frozen yogurt shop right on 1825 Discovery Street in Reston, VA, and in Mclean’s Tyson’s Corner on 1961 Chain Bridge Road, introduced their newest flavor this past spring: chai latte.

If that new flavor doesn’t satisfy your taste buds enough, Yogen Früz offers a “Mix-It” machine that blends in any fresh fruit of your choice. This machine helps create a personalized fruit flavored yogurt right in front of the customer that is both refreshing and nutritional.

Bathing suit season is not quite over yet, so go on in and try out your own “Mix-It” combination with this non-fat tart frozen yogurt. Yogen Früz yogurt also is filled with 1 billion healthy pro-biotics per serving, giving it yet another health advantage. No guilt trips after this sweet treat!