Syron (Freddie Mac CEO) – home price drops only 1/3 of the way done

[CavalierLion]

As I’m sure you all know Dick Syron is the CEO of Freddie Mac one of the largest mortgage buyers in the industry. As such, his job depends on accurately predicting the market.

Last week he gave a speach to investors where he said the home proce decline is only 1/3 the way done, and that some areas (e.g., East and West coast) will likely get harder.

Although it’s from last week, I hadn’t seen it discussed here and thought some of you might find it interesting.

http://www.foxbusiness.com/markets/industries/real-estate/article/freddie-mac-ceo-home-prices-continue-drop_517358_17.html

[nostradamus]

We only focus on positive articles about how we’ve hit bottom or how it’s a great time to invest… 😉

Just kidding. It’s a good find, more evidence that the MSM has almost fully caught on.

[nostradamus]

We only focus on positive articles about how we’ve hit bottom or how it’s a great time to invest… 😉

Just kidding. It’s a good find, more evidence that the MSM has almost fully caught on.

[nostradamus]

We only focus on positive articles about how we’ve hit bottom or how it’s a great time to invest… 😉

Just kidding. It’s a good find, more evidence that the MSM has almost fully caught on.

[nostradamus]

We only focus on positive articles about how we’ve hit bottom or how it’s a great time to invest… 😉

Just kidding. It’s a good find, more evidence that the MSM has almost fully caught on.

[nostradamus]

We only focus on positive articles about how we’ve hit bottom or how it’s a great time to invest… 😉

Just kidding. It’s a good find, more evidence that the MSM has almost fully caught on.

[equalizer]

Freddie CEO today on CNBC: “Housing is 1/3 of the way through downturn. Avg home Prices prices down 5% and total will be down 15%”
CNBC: “If you expect down market, why are you lending today?”
Freddie CEO: “Well, we don’t expect to do 100% loans.”

Fannie Mae CEO today : “We expect another 13-17% total downturn and we have seen down 3% last year. Prices should be down this year and next year.”

[equalizer]

Freddie CEO today on CNBC: “Housing is 1/3 of the way through downturn. Avg home Prices prices down 5% and total will be down 15%”
CNBC: “If you expect down market, why are you lending today?”
Freddie CEO: “Well, we don’t expect to do 100% loans.”

Fannie Mae CEO today : “We expect another 13-17% total downturn and we have seen down 3% last year. Prices should be down this year and next year.”

[equalizer]

Freddie CEO today on CNBC: “Housing is 1/3 of the way through downturn. Avg home Prices prices down 5% and total will be down 15%”
CNBC: “If you expect down market, why are you lending today?”
Freddie CEO: “Well, we don’t expect to do 100% loans.”

Fannie Mae CEO today : “We expect another 13-17% total downturn and we have seen down 3% last year. Prices should be down this year and next year.”

[equalizer]

Freddie CEO today on CNBC: “Housing is 1/3 of the way through downturn. Avg home Prices prices down 5% and total will be down 15%”
CNBC: “If you expect down market, why are you lending today?”
Freddie CEO: “Well, we don’t expect to do 100% loans.”

Fannie Mae CEO today : “We expect another 13-17% total downturn and we have seen down 3% last year. Prices should be down this year and next year.”

[equalizer]

Freddie CEO today on CNBC: “Housing is 1/3 of the way through downturn. Avg home Prices prices down 5% and total will be down 15%”
CNBC: “If you expect down market, why are you lending today?”
Freddie CEO: “Well, we don’t expect to do 100% loans.”

Fannie Mae CEO today : “We expect another 13-17% total downturn and we have seen down 3% last year. Prices should be down this year and next year.”

[equalizer]

Fannie CEO: “Maybe we rent the housed instead of selling at big loss.” The subtle notice to lowballers: We are not desperate, we will not succumb to you vultures.

[equalizer]

Fannie CEO: “Maybe we rent the housed instead of selling at big loss.” The subtle notice to lowballers: We are not desperate, we will not succumb to you vultures.

[equalizer]

Fannie CEO: “Maybe we rent the housed instead of selling at big loss.” The subtle notice to lowballers: We are not desperate, we will not succumb to you vultures.

[equalizer]

Fannie CEO: “Maybe we rent the housed instead of selling at big loss.” The subtle notice to lowballers: We are not desperate, we will not succumb to you vultures.

[Author]

Posts