- This topic has 6 replies, 3 voices, and was last updated 16 years, 9 months ago by kewp.
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August 20, 2007 at 11:24 PM #9961August 21, 2007 at 1:58 AM #78663TheBreezeParticipant
Wow, this is very interesting. Over the past few weeks, all we’ve heard is that the lenders have cut back their business to focus on conforming loans only — those that could be sold to Fannie Mae. If Fannie cannot buy anymore loans, does this mean that the mortgage origination business is about to shut down altogether? No one will be able to get a mortgage?
I think that would be fantastic if that were to happen, but I fear that such an event would force Bush or someone to raise Fannie’s limits. It’s almost guaranteed that the taxpayers are going to be stuck fixing this mess in the end.
August 21, 2007 at 1:58 AM #78794TheBreezeParticipantWow, this is very interesting. Over the past few weeks, all we’ve heard is that the lenders have cut back their business to focus on conforming loans only — those that could be sold to Fannie Mae. If Fannie cannot buy anymore loans, does this mean that the mortgage origination business is about to shut down altogether? No one will be able to get a mortgage?
I think that would be fantastic if that were to happen, but I fear that such an event would force Bush or someone to raise Fannie’s limits. It’s almost guaranteed that the taxpayers are going to be stuck fixing this mess in the end.
August 21, 2007 at 1:58 AM #78815TheBreezeParticipantWow, this is very interesting. Over the past few weeks, all we’ve heard is that the lenders have cut back their business to focus on conforming loans only — those that could be sold to Fannie Mae. If Fannie cannot buy anymore loans, does this mean that the mortgage origination business is about to shut down altogether? No one will be able to get a mortgage?
I think that would be fantastic if that were to happen, but I fear that such an event would force Bush or someone to raise Fannie’s limits. It’s almost guaranteed that the taxpayers are going to be stuck fixing this mess in the end.
August 21, 2007 at 7:17 AM #78672kewpParticipantHow about the home owners bail us out by taking a 50% hit to their home equity?
August 21, 2007 at 7:17 AM #78802kewpParticipantHow about the home owners bail us out by taking a 50% hit to their home equity?
August 21, 2007 at 7:17 AM #78823kewpParticipantHow about the home owners bail us out by taking a 50% hit to their home equity?
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