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Fannie Mae and Freddie Mac - Will they Survive?

By
Real Estate Agent with Long & Foster 0225078705

Fannie Mae and Freddie Mac - What does the future have in store?

Fannie Mae and Freddie Mac last year bought and backed over 3/4 of all us mortgages. However their losses (backed by US Taxpayers dollars) are mounting due to foreclosures. Something needs to be done with these agencies which many believe caused our current down turn. They are basically out of control freight trains that are politically and fiscally corrupt. Even under new laws and government bailouts they are still allowed to make political contributions under the law even to the same persons that sit on committees that over see them! Recently, they have both been de-listed from the stock exchanges. That only occurs when the market views their value as pretty much worthless. The question to ask, is what is next for their future?

 

Posted by

James Crawford Broker Associate

Long & Foster Fredericksburg Virginia

678-595-5286 Direct

 

Fredericksburg VA Real Estate Agents, Spotsylvania County Homes for Sale, Spotsylvania County VA Homes, Stafford County VA Homes, and City of Fredericksburg VA – Luxury Homes, Lots, Land, and New Home Construction. Buying or Selling Call Me!  

 

Long and Foster Fredericksburg VA

Michael Collins
*ROCK REALTY|Broker|Realtor|Real Estate|WI Short Sale Agent* - Janesville, WI
CDPE, SFR , Wisconsin Short Sale Specialist Realto

It will be quite interesting indeed if the government finally gets out of the housing industry.

After a short downturn, I think U.S. housing would come back stronger and healthier. 

P.s. Also now following you on Twitter, nice post!

Aug 18, 2010 03:48 AM
Richard Iarossi
Coldwell Banker Residential Brokerage - Crofton, MD
Crofton MD Real Estate, Annapolis MD Real Estate

Jim,

I do believe that something needs to be done...and...I'm absolutely fearful that the government is going to. The failure of all their housing programs to date has been unprecedented. The industry is still extremely fragile and they need to tred lightly.

Rich

Aug 18, 2010 03:48 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

How can they fail with their hand in our pockets?

Few know that you are part of my faithful 49, I subscribe and look for you every morning!

Paul

Aug 18, 2010 04:23 AM
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

It doesn't look very promising, given the bleak news today on the housing market and the scramble to come up with some innovative ways to stimulate the economy.  If Freddie and Fannie pull back, then that's like pulling the legs from under the table.  I heard that mortgage lenders might be subject to reduced compensation...This type of trend happened in health care, and I wouldn't be surprised within 3-5 years if we see this with real estate.

Aug 18, 2010 04:29 AM
Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA

*Michael Collins-SFR (TW:@RockRealty) Dane/Rock County WI*  I think the Government caused this mess, and we will pay for it for years to come.  How much more good money do they want to throw at it?

Aug 18, 2010 01:00 PM
Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA
Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA

Paul Henderson, Realtor ® Lacey, DuPont or Hartstene Pointe WA. (RE/MAX Professionals & Four Seasons Inc.)  Thank you Paul..I've not been here much lately.  I am trying to catch up on a lot of web work and it has robbed me of my time.

Aug 18, 2010 01:03 PM
Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA

Colorado Springs Realtor - Cherise Selley (Selley Group Real Estate, LLC)  Maybe in 3 years we will all be on the dole...the way it is going.

Aug 18, 2010 01:04 PM
John Walters
Frank Rubi Real Estate - Slidell, LA
Licensed in Louisiana

Jim once again we see a government entity that starts out well only to collapse because it's based on fantasy world, not the goal of profit.

Aug 18, 2010 02:53 PM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

As bad as they are ,it's hard to imagine life without them !!!!!!!!!!!!

Aug 19, 2010 10:31 AM
Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA
Aug 19, 2010 12:06 PM
Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA

Michael J. Perry (KELLER WILLIAMS Realty Lancaster, PA.)  They pretty much caused the depression we are in.

Aug 19, 2010 12:09 PM
x Bye Bye
x - Bay Minette, AL
Delete Account

Eventually the government will close the doors on Freddie and Fannie on a Friday. Open them up again on Monday with new names.  With our government educated populace most people will not even notice.

Aug 23, 2010 02:07 AM
Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA
Aug 23, 2010 02:59 AM