Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

A Wolf in Sheep's Clothing : The Death of Fannie and Freddie
                                                
Can't you see it coming? Somebody's pulling the wool over your eyes.
Could this attempted government buyout of Freddie Mac and Fannie Mae actually be an attempt by the government to end the privatization of the oversight of mortgage backed securities and merge the two private corporations into one government owned corporation that we call "Ginnie Mae", the Government National Mortgage Association", and thus take control of housing financing?
After all, Freddie and Fannie control over 5 trillion dollars worth of 12 trillion dollars of the total U.S. housing financing market. That buyout would give the government control of the industry, a lions share, and some stalwart control over your property and your investments.
And just what does Ginnie Mae do, you may ask?
Ginnie Mae basically does the same thing that Fannie Mae and Freddie Mac do, but under the watchful eye of the government and the United States Department of Housing and Urban Development, HUD.
GNMA, or Ginnie Mae, supposedly guarantees, backed by the pledges and money of the government, the full and on-time payments of all of the monthly pricipal and interest payments of mortgage backed securities to the registered holders of these investments.
Mortgage backed securities, or MBS as we ... more

__________________________________________________
Are you on The Rain? Grow Your Network!