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fannie mae: Problems for Defaulters. - 07/19/10 11:17 AM
I believe most of you know about the new Fannie Mae regulations for borrowers who purposely default on their mortgages. If you do not, one is quite simple. If you “strategically default” on your mortgage, you will have a seven year ban on new Fannie Mae loans. They are using this as a means of detouring borrowers who can afford to make their payments, but choose not to. This is becoming popular amongst borrowers who owe more on their home than it is worth. On top of the seven year ban, according to an article on seerpress.com, Fannie Mae might start … (0 comments)
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fannie mae: Federal Government Seizes Control of Fannie Mae and Freddie Mac - 09/07/08 10:16 PM
On late Friday, the news media became abuzz with reports, the shoe had finally began to drop with regard to Fannie Mae and Freddie Mac. Articles revealing the government had conjured a plan to put the two troubled mortgage Goliaths under federal control, dismiss their top executives, while shoring the institutions up financially.The plan would prompt one of the more sweeping government interventions of financial markets in U.S. history, placing the firms under conservatorship, and empowering the government to restructure and breath new life into the companies.Stock would be significantly devalued, but not wiped out. The capital infusion would not be provided all at … (2 comments)
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fannie mae: Buffett Predicts Government will help Fannie and Freddie - 08/22/08 01:26 PM
In a report from MSNBC today, Warren Buffett predicted the federal government likely will eventually need to step in to help, because the troubles of Fannie Mae and Freddie Mac seem to be growing and feeding on themselves.
About half of the mortgage debt in the United States is held by Fannie Mae, and Freddie Mac, and they are the largest source of funding for home mortgages. The increased number of defaults, is cause for concern. Losses between April and June of this year, for the two companies totaled $3.1 billion, and fear is mounting by investors that losses will continue to … (3 comments)
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Real Living GreatWest
Sacramento,
CA
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Real Living GreatWest
Address: 3604 Fair Oaks Blvd. #120, Sacramento , CA, 95864
Office Phone: (916) 481-3400
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Conversations about real estate related issues in the greater Sacramento areas. This includes: Yuba City, Roseville, Rocklin, Elk Grove, Rancho Cordova, Granite Bay, Folsom, El Dorado Hills, Natomas, Gold River, Lincoln, Merced, Galt, Stockton, Anatolia, and other surrounding cities.
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