Location: Florida
Submitted 08/28/12 08:48 AM

Q. Anyone know if Fannie Mae shutsdown when congress does? Have not had a Fannie Mae anything since they left.

 

Answer #1
Submitted 08/28/12 09:37 AM
Jeff Metcalf, REALTOR® - Watson Realty - NE Florida (Watson Realty Corp.): Agent in Saint Augustine, FL Jeff Metcalf, REALTOR® - Watson Realty - NE Florida (Watson Realty Corp.)
Agent
Saint Augustine, FL

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A.

Fannie and Freddie are still in business.  The government took over their operations in 2008 and are getting ready to start stricter regulations on them in the very near future.  The gov't will be claiming 100% of their revenue until the debt is somewhat paid.  This was just announced a couple weeks ago.  There are several Fannie Mae foreclosures in our area and we are waiting impatiently for the other 53% of their inventory to hit the market.  Who knows when that will be? ;o)

 

Jeff Metcalf, REALTOR(R)

Watson Realty Corp.

Answer #2
Submitted 08/31/12 04:31 PM
Wayne Collier (Wayne Collier Home Inspections): Inspector in Wauchula, FL Wayne Collier (Wayne Collier Home Inspections)
Inspector
Wauchula, FL

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A.

Thanks for the reply. I keep up with them as I can. The only thing for certain is I had several a week and then overnight zero. Another Realtor I know said the same thing about the inventory. They are not meat and potatoes for me but more like a desert.
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