Wednesday, September 10, 2014

new rules for fannie mae august, 2014

new rules for fannie and freddie, the US govt wants to sell houses. The big banks would never put their money on the line for these types of changes to a 30 year loan. 20% down is going out the window and back to 5% is going to be common place again. Another interesting topic is the fact that subprime and alt-a mortgages were the real and only reason for the 2007 bubble, these no longer exist and will never return to the market. Banks loved to use these and Banks destroyed america in 2007 with their lending practices. It is also obvious that they fraudulently sold them to fannie and freddie. This is seen by the billions of dollars in settlement money the banks have paid to FANNIE AND FREDDIE.

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