fannie and freddie: Life Without Fannie and Freddie? - 03/24/11 05:31 PM
What would happen if loan giants Freddie Mac and Fannie Mae were shut down? A recent New York Times article explains that if the government eventually shuts down these companies, the 30-year fixed-rate mortgage loan could be a thing of the past.
Homeownership as we know it could change drastically, with the fixed-rate loans at risk for extra fees and high rate increases for those in urban and rural areas.
"Lenders could charge fees for popular features now taken for granted, like the ability to "lock in" an interest rate weeks or months before taking out a loan," according to the … (3 comments)

 
John Balladares (Peoples Bank)

John Balladares

San Mateo, CA

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Peoples Bank

Address: 1300 S El Camino Real, Suite 300, San Mateo, CA, 94402

Office: 650(571) 562-6409

Mobile: (415) 806-2670

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