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Redfin Real Estate Forums :
Bay Area :
Fannie's newest plan
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Fannie's newest plan
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bruce3681
Contributor
Posts: 11
Registered: 10-07-2009

Message 1 of 7

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Here it is folks Fannie's latest attempt to stem the flow. Deed for Lease Unbelievable!
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11-06-2009 04:50 AM
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Re: Fannie's newest plan
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merlin
Contributor
Posts: 47
Registered: 04-22-2008

Message 4 of 7

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Anything to keep $$ coming in ... I guess it's another option that people can choose from. The answer ..... alas ... is still <i>too much debt</i>.
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11-07-2009 01:33 AM
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Re: Fannie's newest plan
[ Edited ]
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TomP
Regular Contributor
Posts: 321
Registered: 06-18-2009

Message 6 of 7

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Not exactly the way some wanted to promote "home ownership". ..The best laid schemes of mice and men, go often askew. Love their mission statement..... which proved to be a colossal failure. Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers.Our job is to help those who house America. Message Edited by TomP on 11-08-2009 12:51 AM Message Edited by TomP on 11-08-2009 12:51 AM
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11-08-2009 12:44 AM
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Re: Fannie's newest plan
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reoman
Regular Contributor
Posts: 86
Registered: 04-22-2009

Message 7 of 7

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DId you see this: http://www.realcomp.com/Docs/Overview_First_Look.pdf This has gotten me really pissed at Fannie Mae. With HUD 99.99% of there houses sell to investors. It just causes trouble. I just looked at bit more at this stupid "first look" thing. On Fannie's website there section on real estate investors might was well just say: YOU STINK!!! They hate investors. I don't see the point. Its just dumb. Is this what there socialist mission statement is coming too? Message Edited by reoman on 11-08-2009 08:29 AM
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11-08-2009 08:24 AM
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