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Got to love Diana Olick, she is my favorite reporter on CNBC. She is not afraid to report the truth unlike most of these self-serving Real Estate industry clowns!!
The raise of the GSE cap is an outrage! Freddie Mac and Fannie Mae was established primarily to promote home affordability, since when has a $730,000 house become the new affordability metric. These a-holes want to raise the limit so that idiots can buy these homes and the lenders can continue their money making scamming ways. Ultimately Freddie and Fannie will go belly up and guess WHO pays...THE TAXPAYER!
Location: Mokelumne Hill, CA & El Pescadero, BCS MX.
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Fannie Mae and Freddie Mac were created to provide liquidity and an orderly secondary market for mortgages. They are federally chartered, shareholder owned corporations. The loan limits are just a part of their entire guideline package.
The FHA which is a federal agency, was created to make home ownership easier, not necessarily more affordable.
Fannie Mae and Freddie Mac were created to provide liquidity and an orderly secondary market for mortgages. They are federally chartered, shareholder owned corporations. The loan limits are just a part of their entire guideline package.
The FHA which is a federal agency, was created to make home ownership easier, not necessarily more affordable.
The timing and wording is still very suspect.
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