Uncle Sam is going to take over Fannie Mae and Freddie Mac

[kev374]

Mr. Mortgage has a good writeup about possible implications:

http://mrmortgage.ml-implode.com/

[j]

Well the government asked for this, when it tired to prop up real estate last year. When Countrywide, Downey, etc stopped making the most foolish loans the government had FHA and the GSEs take over the market. This is why all incumbents should be voted out.

[j]

Well the government asked for this, when it tired to prop up real estate last year. When Countrywide, Downey, etc stopped making the most foolish loans the government had FHA and the GSEs take over the market. This is why all incumbents should be voted out.

[j]

Well the government asked for this, when it tired to prop up real estate last year. When Countrywide, Downey, etc stopped making the most foolish loans the government had FHA and the GSEs take over the market. This is why all incumbents should be voted out.

[j]

Well the government asked for this, when it tired to prop up real estate last year. When Countrywide, Downey, etc stopped making the most foolish loans the government had FHA and the GSEs take over the market. This is why all incumbents should be voted out.

[j]

Well the government asked for this, when it tired to prop up real estate last year. When Countrywide, Downey, etc stopped making the most foolish loans the government had FHA and the GSEs take over the market. This is why all incumbents should be voted out.

[carlsbadworker]

[quote=j]Well the government asked for this, when it tired to prop up real estate last year. When Countrywide, Downey, etc stopped making the most foolish loans the government had FHA and the GSEs take over the market. This is why all incumbents should be voted out.[/quote]

So now GSEs are put into a conservatorship, while FHA is still making the most foolish loans to the most unqualified buyers. The only reason that FHA is not in trouble right now, is that it just starts to get popular this year. Is the government planning FHA bailout by the tax payers next year? When will this end??

[carlsbadworker]

[quote=j]Well the government asked for this, when it tired to prop up real estate last year. When Countrywide, Downey, etc stopped making the most foolish loans the government had FHA and the GSEs take over the market. This is why all incumbents should be voted out.[/quote]

So now GSEs are put into a conservatorship, while FHA is still making the most foolish loans to the most unqualified buyers. The only reason that FHA is not in trouble right now, is that it just starts to get popular this year. Is the government planning FHA bailout by the tax payers next year? When will this end??

[carlsbadworker]

[quote=j]Well the government asked for this, when it tired to prop up real estate last year. When Countrywide, Downey, etc stopped making the most foolish loans the government had FHA and the GSEs take over the market. This is why all incumbents should be voted out.[/quote]

So now GSEs are put into a conservatorship, while FHA is still making the most foolish loans to the most unqualified buyers. The only reason that FHA is not in trouble right now, is that it just starts to get popular this year. Is the government planning FHA bailout by the tax payers next year? When will this end??

[carlsbadworker]

[quote=j]Well the government asked for this, when it tired to prop up real estate last year. When Countrywide, Downey, etc stopped making the most foolish loans the government had FHA and the GSEs take over the market. This is why all incumbents should be voted out.[/quote]

So now GSEs are put into a conservatorship, while FHA is still making the most foolish loans to the most unqualified buyers. The only reason that FHA is not in trouble right now, is that it just starts to get popular this year. Is the government planning FHA bailout by the tax payers next year? When will this end??

[carlsbadworker]

[quote=j]Well the government asked for this, when it tired to prop up real estate last year. When Countrywide, Downey, etc stopped making the most foolish loans the government had FHA and the GSEs take over the market. This is why all incumbents should be voted out.[/quote]

So now GSEs are put into a conservatorship, while FHA is still making the most foolish loans to the most unqualified buyers. The only reason that FHA is not in trouble right now, is that it just starts to get popular this year. Is the government planning FHA bailout by the tax payers next year? When will this end??

[capeman]

If it forces traditional 20% down <36% DTI 30 year loans then it will definitely have downward pressure on the market. Non-conforming loans have still been given out lately and this will likely put the final nail in that coffin. If interest rates do go up due to the backstop then it will have even more downward pressure on pricing.

[capeman]

If it forces traditional 20% down <36% DTI 30 year loans then it will definitely have downward pressure on the market. Non-conforming loans have still been given out lately and this will likely put the final nail in that coffin. If interest rates do go up due to the backstop then it will have even more downward pressure on pricing.

[capeman]

If it forces traditional 20% down <36% DTI 30 year loans then it will definitely have downward pressure on the market. Non-conforming loans have still been given out lately and this will likely put the final nail in that coffin. If interest rates do go up due to the backstop then it will have even more downward pressure on pricing.

[capeman]

If it forces traditional 20% down <36% DTI 30 year loans then it will definitely have downward pressure on the market. Non-conforming loans have still been given out lately and this will likely put the final nail in that coffin. If interest rates do go up due to the backstop then it will have even more downward pressure on pricing.

[Author]

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