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Freddie Fannie Takeover

F and F are now under federal control.

There should be no immediate effect to consumers, but stay tuned!

I have some ideas I will lay out in a further blog post as to what can be done to get things right in the future.

Stay tuned...

Posted by Fred Glick, B.S., e-Pro®, REALTOR® on 09/07/2008 03:37 PM

Comments (8)

Freddie Fannie in the Mortgage / Finance Channel

freddie mac, fannie mae, mortgage

Post is included in group: Mortgages

8 Comments on Freddie Fannie Takeover

With the govt. taking over two of the biggest R/E banks in the country, I'll put money on it that Fannie and Freddie will be adopting some major changes.

09/07/2008 03:42 PM

by David Valley (Massachusetts Home Inspections)

Agreed. I'm curious to see how this "shakes out".

09/07/2008 04:07 PM

by Brian Luce (Weidel Realtors Doylestown)

Poor Common Stockholders

Kind Regards,

Manolis

09/07/2008 04:36 PM

by Manolis Sfinarolakis (Keller Williams Action CT Realty)

Hi Fred,

Thank you for keeping everyone in the loop! I look forward to reading your ideas about what can be done right in the future.

Don't forget me if you learn of anyone moving to "The OC."

Michael

(949) 753-7900

09/07/2008 04:41 PM

by Michael Caruso Real Estate Group

Hang in there everyone! Mark my word, F and F will get tougher and FHA will get dumped on and we will be bailing them out soon!

09/07/2008 05:28 PM

by Fred Glick, B.S., e-Pro®, REALTOR® (U S Spaces, Inc & U S Loans Mortgage LLC)

Fred,

Let's hear your ideas. Don't pull a Pickens on us and make us wait or get it in bits and pieces.

Steve

09/07/2008 08:06 PM

by Steve Hoffacker - Real Estate Sales & Marketing Consulting and Strategies (Hoffacker Associates)

location location location has replaced with jobs financing location. How about if everyone in the real estate industry finds someone a job

09/08/2008 08:13 AM

by Fred Glick, B.S., e-Pro®, REALTOR® (U S Spaces, Inc & U S Loans Mortgage LLC)

Wow....attention everyone! The Federal tax over has lowered long term rates. Rates today dropped by 3/8!!! I am quoting basically 5.75% with no points on a 30 year fixed!

09/08/2008 12:45 PM

by Fred Glick, B.S., e-Pro®, REALTOR® (U S Spaces, Inc & U S Loans Mortgage LLC)

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