So when are Freddie and Fannie going to ask for more $$$$

[Slew Foot]

http://news.yahoo.com/s/time/2...us_time/08599188558300


Looks like they lost over 100 billion last year and things arent looking very good this year either. Im glad us taxpayers took over all those crappy mortgages.

 

[Kwatt]

Kinda of like asking a addict if they want another hit!


When it comes to bailouts think of this


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[OCGuy]

Fannie is about to roll out a program that is finally going to reward people who bought homes that they could afford, using traditional loans. These responsible people that find themselves owing over 80% up to 105% of thier home's value are going to get to refinance to take advantage of the rates in the 4's right now, without mortgage insurance.

They and Freddie are not the enemy. The private label non-backed loans are what caused the housing mess. They do alot of good for people who actually deserve homes.

 

[Kwatt]

Originally posted by: Ocguy31
Fannie is about to roll out a program that is finally going to reward people who bought homes that they could afford, using traditional loans. These responsible people that find themselves owing over 80% up to 105% of thier home's value are going to get to refinance to take advantage of the rates in the 4's right now, without mortgage insurance.

They and Freddie are not the enemy. The private label non-backed loans are what caused the housing mess. They do alot of good for people who actually deserve homes.

Of all the bailout's this sounds like something I can understand. If the people purchased with a traditional loan and it can be refinanced at the now lower rates. That may help keep foreclosures down for people that were buying a home instead of leveraging an investment.


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