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Home »  Forums » For Mortgage Professionals » General Mortgage Discussion » Considering all that's happened, what does the future likely hold for Fannie Mae and Freddie Mac?

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Post Statistics: 295 Views, 1 Replies
Latest Post: Tue, Feb 10 2009 11:21 PM by Clem Borkowski
  		• Tue, Feb 10 2009 2:15 PM
    • Anonymous
    Considering all that's happened, what does the future likely hold for Fannie Mae and Freddie Mac?
    Considering all that's happened, what does the future likely hold for Fannie Mae and Freddie Mac?
     
  • In Reply to This Post
    		 Tue, Feb 10 2009 11:21 PM

    Lots and lots and government money (sorry tax payer money) and lots and lots of defaulting loans.

    Best case is they get broken up into 4-5 smaller companies and left to live or die on their own merits.  But the current political climate tends to favor very large government so I don't see that happening either. Tough to make major changes when you back over 6 trillion dollars in home loans.
    Clem Borkowski
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    clem.borkowski@academy.cc
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